Petrol Suppliers Give Nigerians Hope as Filling Stations Slash Pump Price

The National President of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA, Bennet Korie, has expressed hope that Nigerians will heave a sign of relief and achieve complete petroleum availability by September when the Dangote and Port Harcourt refineries begin operations. Korie disclosed this as he addressed vital challenges affecting the oil and gas industry at a press conference in Abuja on Wednesday, August 28, 2024.
The National Oil and Gas Suppliers Association of Nigeria (NOGASA) has urged the Nigerian government to implement its policy of selling crude oil in Naira. The association believes the policy is crucial in addressing the scarcity of Premium Motor Spirit (PMS), commonly known as petrol and also prices.
Benneth Korie, the national president of NOGASA, who made the remarks in a press briefing on Wednesday, August 28, 2024, in Abuja, stressed the importance of the crude oil sale in naira policy in stabilising the fuel market.
Korie expressed support while urging refineries to mirror the policy intention in their sale of refined products. He said: “We hope that our refineries will reciprocate by selling refined products in Naira, thus stabilizing the market” He also praised Aliko Dangote for his significant contribution to the industry through the establishment of Nigeria’s largest refinery, which he believes will bring substantial benefits, including improved supply, increased competition, and a stronger national economy.
Korie believes this inclusive approach will ensure a more sustainable and widespread distribution of fuel across the country.

Source: legit.ng

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