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Fuel Transporters Halt Strike Following FG’s Intervention

Published

9 months ago

Feb 21, 2024.

EKO HOT BLOG reports that the about two-day suspension of operations with respect to the lifting of petroleum products by the Nigerian Association of Road Transport Owners has been called off by the oil transporters.

NARTO confirmed this in Abuja on Tuesday evening after the intervention of the Federal Government through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri.

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Lokpobiri as well as the President, NARTO, Yusuf Othman, told journalists that stakeholders in the downstream oil sector had reached an agreement to increase the freight rate of petroleum transporters, and to gradually settle other concerns raised by the tanker operators.

Aside from the minister and his team, and NARTO officials, other participants at the meeting in Abuja include officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, led by their Chief Executive, Farouk Ahmed; representatives of the Major Energy Marketers Association of Nigeria; Independent Petroleum Marketers Association of Nigeria; and others.

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The meeting among parties had been ongoing since Monday. Participants could not reach an agreement on Monday, and had to continue on Tuesday before resolving to meet some of the demands of NARTO.

“We have reached some agreements and members of NARTO have agreed to resume operations so as to reduce the plight faced by Nigerians with respect to getting petroleum products,” Lokpobiri stated.