The Federal Government has said it was currently engaging oil marketers on issues bordering on the cost of Premium Motor Spirit, popularly called petrol, fuel queues, bridging claims payment, among others in the downstream oil sector.
It was reliably gathered in Abuja that the meeting might lead to an upward adjustment in the pump price of petrol, as oil marketers had repeatedly blamed the persistent fuel queues in various parts of Nigeria on the unsustainable cost of PMS.
This came as the Major Oil Marketers Association of Nigeria joined their counterparts in the Independent Petroleum Marketers Association of Nigeria and the Natural Oil and Gas Suppliers Association to call on the government to gradually raise the price of PMS.
