Petrol Pump Price Adjustment: PETROAN opts for dialogue, rejects strike

Petrol Pump Price Adjustment: PETROAN opts for dialogue, rejects strike

Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, on Sunday said it will not allow it members to embark on stike following the consistent changes in pump price of Premuim Motor Spirit, PMS, popularly known as petrol.

The association reaction is coming folllowing calls by pressure groups in the downstream sector of the oil and gas industry to embark on strike to protest federal government’s adjustment of pump price.

The federal government through the Petroleum Products Pricing Regulatory Agency, PPPRA, on July 1, raised the pump price of petrol to between N140.80 and N143.80 in July, one of the highest price movements in the last few months.

In a chat with newsmen in Port- Harcourt, Rivers state, PETROAN president, Dr. Billy Gillis-Harry, said: “We hold the opinion that only a round-table, stakeholders’ engagement between the various downstream group operators, leadership of PPPRA, NNPC, Department of Petroleum Resources, DPR, and the Ministry of Petroleum Resources, will solve the problem.

READ ALSO: Petrol Price @143.80/L: Grossly unjustifiable, an indication of APC insincerity – PDP

“While we are not happy, we do not think any street protest or shutting down our outlets will solve any problem. The position PETROAN members occupy in the petroleum value chain is critical so we need to tread with a lot of caution. Putting the whole retail space into confusion will induce more losses on us.”

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