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Oil marketers belonging to the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) have called on the Nigerian government to pay them their outstanding petroleum equalisation fund (PEF) to enable them to import fuel.
They also urged the Nigerian National Petroleum Corporation (NNPC) to release the petrol they paid for three months before President Bola Tinubu announced the removal of fuel subsidy.
NOGASA’s national president, Mr. Bennett Korie, stated that the subsidy removal had caused problems for its members, who now spend as much as N25 million to purchase a 45,000-litre truck of petrol, compared to N7 million before the subsidy was withdrawn.
Korie urged the government to pay marketers their outstanding PEF to boost their capital and enable them to stay in business, warning that fuel queues would resurface if the government failed to act.
