The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has instructed its members not to shut down operations over the non-payment of ₦100 billion in bridging claims. This follows a seven-day ultimatum issued on Monday by the Independent Petroleum Marketers Association of Nigeria (IPMAN) to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) demanding payment.
Bridging claims, similar to the equalization fund, cover the cost of transporting fuel from PPMC depots to designated zones to ensure uniform pricing across the country.
PETROAN, however, has opted for dialogue with the NMDPRA to resolve the issue. In a statement, PETROAN said a shutdown would have “devastating consequences,” including fuel scarcity, economic disruption, and hardship for Nigerians.
The association reiterated its commitment to dialogue, as agreed in a previous meeting chaired by the Minister of State for Petroleum Resources. They urged all parties to engage in “constructive engagement and good-faith negotiations” to find mutually beneficial solutions.
PETROAN also praised President Tinubu’s efforts to reform the petroleum sector, saying he is promoting transparency, accountability, and economic growth. They encouraged all stakeholders to support these ref#petroleum
orms. The association also urged authorities to facilitate the prompt payment of outstanding bridging claims to its members.
PETROAN’s president called for members to remain calm and law-abiding while they engage with the NMDPRA and other stakeholders to find a lasting solution.
Add Comment