Oil marketers have urged the Federal Government to put an end to the monopolistic privilege enjoyed by the Nigerian National Petroluem Corporation, NNPC. NNPC currently enjoys monopoly on importation and supply of petroleum products into the country. But oil marketers said the market situation was creating more problems for the country. Marketers under the auspices of the Major Oil Marketers Association of Nigeria, MOMAN, during a briefing with newsmen on Thursday, said as part of permanent measures to curb fuel scarcity, other marketers should also be given a free and fair play in the importation of products. Oil marketers have consistently complained about their inability to import products due to forex scarcity, rising inflation, including excess and multiple import charges and taxes by the Customs and relevant government agencies.

Source: Punch June 23, 2022 06:45 UTC