Arab Today, arab today petrol diesel sellers agree to end crippling nigeria fuel strike
Last Updated : GMT 01:06:49
Arab Today, arab today
Arab Today, arab today

Petrol, diesel sellers agree to end crippling Nigeria fuel strike

Arab Today, arab today

Arab Today, arab today Petrol, diesel sellers agree to end crippling Nigeria fuel strike

People queue with jerrycans to buy fuel at a Mobil filling station
Abuja - AFP

The major companies and unions that distribute petroleum products across Nigeria agreed on Monday to end a devastating fuel strike that has largely shut down Africa's biggest economy.  

The main unions and industrial groups who are collectively responsible for supplying and distributing the majority of petrol and diesel in Nigeria made the announcement after a meeting in Nigeria's Senate.

"We have agreed... (to) commence lifting of products from all available depots within the next six hours," said Babafemi Olawore, Executive Secretary of‎ the Major Oil Marketers Association of Nigeria.

Kassim Bataiya‎, of the National Association of Road Transport Owners (NARTO), said his body "fully endorsed" the statement.

It has been nearly impossible in recent days to purchase petrol from licensed stations across Nigeria, Africa's most populous country and leading oil producer.

Black market sellers have sold jerry cans of fuel by the roadside at inflated prices, sometimes offering a tainted or diluted product that destroys engines.

Most companies rely on a steady supply of diesel to power generators given the massive shortage of public electricity in Nigeria.

Banks closed early on Monday because of the diesel shortage, while telecommunication companies warned of service disruptions to their networks.

The shortages were caused by a row between the outgoing government and importers, as well as strikes by petrol tanker drivers and oil and gas workers.

Despite producing some two million barrels of crude per day, petroleum products have to be imported to Nigeria because of a lack of functioning domestic refineries.

The government keeps the price at the pumps below the market rate for consumers and pays the difference to importers and marketers.

But they say they are owed $2 billion in arrears and shut fuel depots to force the government to pay.

It was not immediately clear what, if any, deal was offered to help break the deadlock.

The administration of President Goodluck Jonathan, which leaves office on Friday, has had sporadic battles with fuel importers over the last five years.

Jonathan's successor Muhammadu Buhari has not yet indicated how he plans to handle the subsidy issue after taking office.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today petrol diesel sellers agree to end crippling nigeria fuel strike Arab Today, arab today petrol diesel sellers agree to end crippling nigeria fuel strike

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday