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The Association of Mega Filling Station Owners of Nigeria (AMFSON) has called on the federal government to come up with adequate measures that will cushion the effects of the sharp increase in the pump price of petroleum products in the country.
The federal government last week announced an increase in the pump price of Premium Motor Spirit (PMS) commonly known as fuel by N59 from N86 to N145, the highest in the history of the country.
However while reacting to the development, AMFSON, the umbrella body of filling stations branded in the colours and logo of the Nigeria National Petroleum Corporation (NNPC) urged government to go beyond the increase and put in place policies and programmes that will help Nigerians absorb the shocks arising from the increase in pump prices.
The National Secretary of the Association, Ambassador Kenneth Nwachukwu, noted that while government has the right to increase the price of petroleum products, it also behooves on the present administration to find ways of cushioning the effects on Nigerians.
Nwachukwu also noted that the problems of fuel supply and distribution in the country goes beyond finding appropriate price of petroleum products, pointing out that government should as a matter of urgency now address the fundamental challenges confronting the entire fuel supply and distribution chain in the country.
“This is the time for the government to critically overhaul the entire fuel supply and distribution chain in the country in order to ensure that all loopholes that create room for sharp practices is permanently eliminated”, he stated.
According to him, unless these fundamental challenges are addressed and solutions found, Nigerians will continue to experience hick-ups in fuel supply and distribution chain.
AMFSON General Secretary stated that government should as a first step fix the nation’s four refineries while new ones should be built, noting that “it is an irony of great dimension that the world’s sixth largest producer of petroleum is depending on imported refined products to meet her domestic needs.”
Nwachukwu also noted that the problems of fuel supply and distribution in the country goes beyond finding appropriate price of petroleum products, pointing out that government should as a matter of urgency now address the fundamental challenges confronting the entire fuel supply and distribution chain in the country.
“This is the time for the government to critically overhaul the entire fuel supply and distribution chain in the country in order to ensure that all loopholes that create room for sharp practices is permanently eliminated”, he stated.
According to him, unless these fundamental challenges are addressed and solutions found, Nigerians will continue to experience hick-ups in fuel supply and distribution chain.
AMFSON General Secretary stated that government should as a first step fix the nation’s four refineries while new ones should be built, noting that “it is an irony of great dimension that the world’s sixth largest producer of petroleum is depending on imported refined products to meet her domestic needs.”
