Fuel Scarcity: Fed Govt Should Consider Phased Deregulation Petrol Scarcity

Major Oil Marketers Association of Nigeria, MOMAN has urged the federal government to consider a full deregulation of the petroleum downstream sector in phases.

According to them the current situation of oil subsidy is no longer sustainable and called for dialogue on its implementation to save the downstream sector of the petroleum industry.

Chairman, MOMAN, Oluwole Adeosun, made the call at a web-training for energy journalists in Lagos.

Adeosun said that the development was necessary to cushion the effects of the impact of the sharp rise in fuel prices on the hardworking citizens of Nigeria.

He stated that his members eschew cutting corners in the ongoing fuel scarcity in the country.