Petrol transporters pick holes in PIB

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Guardianng July 21, 2021 2:50 a.m.

Petrol transporters pick holes in PIB

Noting that the haulage sector has always suffered in terms of scarcity of products and limited access to loading locations, Othman said: “We are seriously taken aback by the provision in the bill restricting importation license to only local refiners.” According to him, all hands should be on deck to ensure that the PIB does not monopolise the importation of PMS as currently provided in the bill.

The restriction of license to import refined petroleum products to a small number of local refiners as provided in the bill, may worsen prevailing situation in the downstream sector of the industry, National President of NARTO, Yusuf Othman said in a statement in Abuja.

It is in the light of this that we call for our Inclusion in the boards of the industry regulator(s) most especially in the downstream sector of the industry as it will further strengthen effective and efficient distribution of petroleum products across the nation,” he noted.

With huge investment in the haulage business, Othman said it remained critical for the PIB to provide adequate encouragement and incentives to IOCs and indigenous oil producers to invest in the refining sector of the oil and gas industry..

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