Oil marketers have written to the federal government over their proposal to build about 30,000 gas stations to cushion the effects of the proposed subsidy removal on Premium Motor Spirit, popularly called petrol.
Nigerians are currently counting down to the June 2023 projected date for subsidy removal, as the call for palliatives to ameliorate the impact of the halt in subsidy is gaining momentum.
There are also projections that petrol may sell for about N750/litre if the Federal Government removes subsidy by June this year.
To help cushion this, oil marketers, in a letter to the Federal Ministry of Finance, also asked the Federal Government to make the Central Bank of Nigeria release the N250bn intervention fund for the National Gas Expansion Programme as loans to vehicle owner to acquire gas conversion kit.
