The Major Energies Marketers Association of Nigeria (MEMAN) notes with concern the strike initiated by the National Association of Road Transport Owners (NARTO) and the Petroleum Tanker Drivers (PTD) which started today, February 19, 2024.
MEMAN clarifies that there’s no conflict between its members and the transport unions.
Individual marketers are in discussions with their transporters for fair rates, adhering to the Petroleum Industry Act and FCCPC Act, which prohibits jointly setting rates.
Pump price deregulation promotes healthy competition, encouraging cost-reduction measures for better customer value. It’s a gradual process that requires time for full price recovery and market competition.
All stakeholders, including operators and MDAs, must collaborate to optimize the supply chain for affordability amid the challenging environment. MEMAN and its members recognize the industry’s complexities and commits to sustainable solutions in cooperation with relevant stakeholders.
Major Energies Marketers Association of Nigeria (MEMAN).
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