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Published On: Mon, May 25th, 2015

Nigeria’s Oil Marketers Suspend Strike, Begin lifting of Fuel

petrol-fuel-oil-
LAGOS MAY 25TH (URHOBOTODAY)-The Nigeria Oil Marketers have suspended their strike action and embarked on immediate lifting of fuel across the country.
The marketers also pledge to make fuel available across the country within six hours.
The decision followed the intervention of the Senate committee on petroleum downstream led by Senator Magnus Abe.
Abe Committee broker a truce between the Federal Government and the Marketers.

An agreement pledging to pay the outstanding claims of the marketers was signed on behalf of the Government by the Finance Minister, Dr. Ngozi Okonjo-Iweala.
It was also agreed that the license of marketers that refuse to lift fuel within six hours should be revoked.
The lingering fuel crisis has paralysed business activities across the nation with several notable firms announcing closure of businesses.
The scarcity also raised the pump price of petrol ranging between N200 to N400 per litre with a dramatic increase in transport fares.

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