The Nigerian Association of Road Transport Owners (NARTO) and the Petroleum Tanker Drivers branch of the National Union of Petroleum and Natural Gas Workers (NUPENG) has said that freight bills of about N80 billion owed its members by the Petroleum Equalization Fund (PEF) Management Board have been cleared.
NARTO President Alhaji Kassim Ibrahim Bataiya said this during a visit to the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru.
Alhaji Bataiya, alongside Chairman of PTD, Chief Otumba Oladiti, thanked Dr. Baru for the settlement of their freight bills and for ensuring seamless supply and distribution of petroleum products across the country.
According to a statement by NNPC spokesman, Ndu Ughamadu, Bataiya said that never in the history of the NNPC had the country recorded such achievement.
“Petroleum products’ scarcity has now disappeared from our filling stations. In fact, the retail price of the product has also come down from N145 per litre to N143 per litre. You have also extended considerable assistance to transporters by allocating diesel at subsidised prices to enable them keep their trucks on the road,’’ he said.
Responding, Dr. Baru thanked the members and leadership of the associations, noting that his team would do all it could to remain focused.