Nigerians may witness fuel scarcity as the Nigerian Association of Road Transport Owners, NARTO, says it has directed all its members to withdraw their petroleum trucks from product-loading activities from today (Monday, February 19, 2024).
The association said the development was due to its request for oil marketers to review freight rates.
According to NARTO, oil marketers have refused its request to review the rates despite the deregulation of the downstream sector,
Deregulation removes the government’s control over the prices of petroleum products and allows private entities to make decisions in the sector.
In a letter addressed to the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, and dated February 15, 2024, NARTO said it can no longer continue with operations due to the state of the economy.
The association said several efforts made to get the freight rates for their operations reviewed have had no positive results.
The letter read, “We are deeply constrained to seek the support and understanding of your Union and members towards the excruciating challenges petroleum trucks owners are facing with the high operational costs in the Industry,” the statement reads.
“As you are already aware of several efforts we have made to secure negotiations for appropriate and commensurate freight rates for our operations from all conceivable authorities concerned in the industry, most especially the Major Energy Marketers Association of Nigeria but which have received no positive responses from them.
“We have no other options but write to inform you that the NARTO National Executive Council, NEC, has resolved to direct all our members not to make their Petroleum Trucks available for Petroleum Products loading activities with effect from Monday, 19th day of February 2024.
“In the light of this directive, we implore all our employees (Petroleum Truck Drivers), who are your members to show maximum cooperation, support and understanding to our collective efforts for continued sustainability of the Petroleum Haulage business and effective service delivery by ensuring adequate and immediate compliance.”
NARTO added that “there is definitely no way we can continue in this business within the context of the current economic situation in the country”
Kazeem Badmus is a graduate of Mass Communication with years of experience. A professional in journalism and media writing, Kazeem prioritses accuracy and factual reportage of issues. He is also a dexterous finder of the truth with conscious delivery of unbiased and development oriented stories.
In a video making waves on social media platforms, Nigerians have reacted with mixed feelings…
A popular Nigerian TikToker identified simply as Seaking has been arrested by operatives of the…
Throughout history, some individuals have endured extraordinarily long prison sentences, with their stories reflecting the…
There is growing tension in Modakeke, Osun State, following the alleged arrest of two lovers,…
A victim of the stampede that occurred in Ibadan, Oyo State capital, which has claimed…
The vibrant Osun State is no stranger to captivating events and headlines that draw attention…
This website uses cookies.