Abuja - Petroleum product marketers have warned of a looming scarcity of fuel following the inability of the Federal Government to pay the subsidy arrears for the importation of Premium Motor Spirit, Punch reports.
The marketers under the aegis of Major Oil Marketers Association of Nigeria warned that if the situation was not resolved on time, it could lead to another round of fuel scarcity in the country.
Also read: Fuel scarcity worsens in Lagos
The association stated that despite previous assurances from the government to reimburse the marketers for under recovery as verified by the Petroleum Products Pricing Regulatory Agency, it had failed to honour the agreement.
Read more at Punch
- News 24