Home News Relief Underway as Oil Marketers Suspend Strike

Relief Underway as Oil Marketers Suspend Strike

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Relief seems underway in the country as oil marketers have suspended their strike and embarked on immediate lifting of fuel across the country.

The marketers pledged to make fuel available across the country within six hours.

The decision, which followed the intervention of the Senate Committee on Petroleum Downstream led by Senator Magnus Abe, will make fuel available at filling stations for the already traumatised Nigerians to buy.

Many have laid siege at the filling stations waiting for fuel to power their cars and generators.

The Abe Committee had brokered a truce between the Federal Government and the Marketers.

An agreement pledging to pay the outstanding claims of the marketers was signed on behalf of the Government by the Finance Minister, Dr. Ngozi Okonjo-Iweala.

It was also agreed that the license of marketers that refuse to lift fuel within six hours should be revoked.

Before Ifeanyi Uba, the boss of Capital Oil, had issued a statement disengaging from the strike and asking that the doors of his depot throughout the country be opened for marketers to lift oil.

The lingering fuel crisis has paralysed business activities across the nation with several notable firms announcing closure of businesses.

The scarcity also raised the pump price of petrol ranging between N200 to N400 per litre with a dramatic increase in transport fares.

The strike by the marketers had led to untold scarcity with roadside sellers making brisk business. One litre of petrol in some major cities was going for as high as N500.

In the process, bus fares increased astronomically. Some workers who could not afford the fare decided to stay at home.

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