Fuel scarcity update: Marketers and Federal Government finally agree on price

Oil marketers have soft pedaled and agreed with the Federal Government to keep the pump price of petrol at N145 per litre.

The Chairman of the Depot and Petroleum Products Marketers Association, Dapo Abiodun, had on Tuesday, stated that the marketers could no longer import petrol at a controlled price of N145 per litre.

But Punch is now reporting that the marketers reversed their stance at the meeting of the ad hoc committee set up by the Presidency to get the oil marketers to restart the importation of refined petroleum products.

The newspaper said that a communique on the resolutions reached at the meeting would be made public soon.

It reports also that the marketers appealed to the Federal Government to grant them tax holidays and other incentives that would help cut their costs when they resume fuel importation.