Oil marketers promise fuel supply stability in Q2

Oil marketers promise fuel supply stability in Q2

Mr Akin Akinfemiwa, Chairman, Major Oil Marketers Association of Nigeria (MOMAN), on Friday assured Nigerians that the Federal Government has provided sufficient fuel allocation for the second quarter of the year (Q2). Akinfemiwa, who is also the Group Chief Executive Officer, Forte Oil Plc, disclosed this during an interactive session with newsmen in Lagos.

He said that allocations for the importation of petroleum products for Q2 would be sufficient for oil marketers. According to him, these allocations have been evenly divided between the NNPC and the petroleum marketers. “The Federal Government, NNPC and the Major Marketers have put in place a structure to ensure effective distribution of these allocations to the retail outlets and as a result Premium Motor Spirit (PMS) has become readily available,” he said. Read more

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