Connect with us

News

Oil marketers agree to sell at N145, requests tax holiday

Published

on

Against their previous position, the oil marketers have agreed with the Federal Government to sell petrol at the rate of N145 per litre.

The marketers had on Tuesday complained that they could not import petrol at N145 per liter controlled price, but on Wednesday the marketers reversed their their position after the meeting set up by the Presidency to make marketers continue importing refined petroleum products.

According to souces at the meeting, a communique on the resolutions reached at the meeting would be made public soon, but noted that the marketers also appealed to the Federal Government to grant them tax holidays and other incentives that would help cut their costs when they resumed fuel importation.

It was learnt that four sub-committees were constituted at the meeting, which was chaired by the Minister of State for Petroleum Resources, Ibe Kachikwu, at the ministry’s headquarters in Abuja.

“Four sub-committees were inaugurated by the minister and we agreed on a price that is good for Nigerians, which of course, is the current price. All these and more will be in the communique that will be released soon,” a source who spoke to our correspondent in confidence, said.

Another source stated that the committees included those on logistics and business conduct, adding that the agreements reached at the meeting would be relayed to the Presidency before the communique would be made public.

It was also learnt that heads of some parastatals under the Federal Ministry of Petroleum Resources were members of some of the committees.

Meanwhile, the Senate has denied an alleged claim by the Chief of Staff to the President, Abba Kyari, that the National Assembly is responsible for the delay in the payment of the debt owed oil marketers by the Federal Government.

The lawmakers denied any pending request to approve a loan for the payment of the debt by the Presidency.

The upper chamber of the National Assembly stated this on Wednesday in a statement issued by the Chairman, Senate Committee on Media and Public Affairs, Senator Aliyu Sabi-Abdullahi.

The statement read in part, “The attention of the Senate has been drawn to a claim said to have been made by the Chief of Staff to the President, Mallam Abba Kyari, during a meeting with stakeholders in the oil industry on the perennial fuel scarcity in the country to the effect that the payment of debts owed oil marketers was being delayed because the National Assembly has not approved request presented to the legislature for a loan meant for that purpose.

“The Senate will want members of the public to know that no such request has been made to it specifically requesting for a loan meant for payment to oil marketers. The Senate is aware that subsidy on petrol had been cancelled by this administration, so we wonder which payment we are talking about now.

“Senators have been inundated with calls from oil marketers who were present at the meeting with the Chief of Staff to the President on the issue and thus, we call on Mallam Kyari to either prove his claim or retract it.”

He added, “It should be noted that a similar claim was made by the Minister of Finance on the foreign loan at a time the Presidency had not forwarded the request. The letter requesting for the foreign loan was submitted long after she was confronted with the fact.”

Click to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sanusi reveals why he can return as Emir of Kano [Watch video]
News2 weeks ago

Sanusi reveals why he can return as Emir of Kano [Watch video]

Metro4 weeks ago

Spain’s first coronavirus patient reportedly recovers after receiving HIV And MS Drugs

Breaking news7 days ago

Hillary Clinton tackles Donald Trump for asking Americans to return to work to avoid crippling economy amid coronavirus pandemic

World News4 days ago

America surpasses China, Italy to become most infected with coronavirus with 85,000 cases

Sacking service chiefs is threat to national unity — Presidency
Press Release5 days ago

President Buhari sends messages to Nigerians on coronavirus, with approval of N5bn intervention fund and another N10bn request

News4 weeks ago

No February salary for Lecturers who are not on IPPIS – Minister of Finance, Zainab Ahmed

News4 days ago

About 14 percent of the recovered coronavirus patients in China test positive again

News3 weeks ago

BREAKING: Emir of Kano Muhammadu Sanusi dethroned

News3 weeks ago

Kano new Emir, Bayero sheds tear after receiving appointment letter from Ganduje

Cambodia, Egypt, Nepal, Sri Lanca
News3 weeks ago

Volunteers to receive £3,500 after been infected with Coronavirus in attempt to find vaccine

Breaking news1 week ago

Breaking: Outbreak of new Hantavirus in China amid Coronavirus spread

News2 weeks ago

Coronavirus: Pastor Oyedepo cancels church services over dreaded disease

SCOVID -19: Nnamdi Kanu reveals where Abba Kyari was secretly flown for Coronavirus treatment
News4 days ago

COVID -19: Nnamdi Kanu reveals where Abba Kyari was secretly flown for Coronavirus treatment

celebrity news3 weeks ago

Prince Harry and Meghan Markle arrive Mountbatten festival (photos)

News4 days ago

Coronavirus: Man asked to go home and self-isolate after testing positive but no bed space for him

Politics3 weeks ago

Igbos will know they are no longer Nigerians if denied presidency in 2023 – Former Governor of Anambra State, Uche Ezeife

crime4 weeks ago

Fake soldier and police corporal arrested in Oyo State

Metro2 weeks ago

Couple who reportedly died in Lagos explosion are only children of their parents

Viral4 days ago

Imam of Peace continues to drag President Buhari…trends #Presidentcovik, #ResignBuhari

Metro2 weeks ago

How I was manhandled by Police, DSS, others – Sanusi

News9 hours ago

Coronavirus: Lagos confirms 13 new cases of COVID-19

Sports9 hours ago

Ronaldinho plays foot volleyball with prison inmates while awaiting trial

celebrity news9 hours ago

Rihanna vows to have four kids with or without a partner as she graces the cover of British Vogue

Entertainment10 hours ago

Singer Aaron Carter’s girlfriend arrested for domestic violence after scratching his arm

News10 hours ago

Naira crashes to N412 for a dollar

Coronavirus: We’ve started immediate cash transfer to poorest households, says FG
News10 hours ago

Coronavirus: We’ve started immediate cash transfer to poorest households, says FG

Metro11 hours ago

Police arrests masqurade for defying lockdown order

Buhari appoints Yemi-Esan new Head of Service
News12 hours ago

Buhari signs COVID-19 Act backing restriction of movement

News23 hours ago

Oyo gov, Seyi Makinde tests positive for Coronavirus

Breaking news24 hours ago

5 Coronavirus patients discharged in Lagos after testing negative

News1 day ago

President Trump warns that Prince Harry and Meghan Markle must pay for their security in US, they reply hime ,

News1 day ago

Prince Charles recovers from coronavirus and is out of self-isolation just few days of treatment

News1 day ago

COVID 19: Property Merchant, Olu Okeowo, Set To Feed 100, 000 People In Lagos

News1 day ago

Breaking: Nigeria records another Coronavirus death

News1 day ago

Nigeria’s Ooni of Ife reveals herbs that can treat COVID-19

News1 day ago

Coronavirus: Pastor who defiled ban on public gathering order arrested for holding church service

Coronavirus: Ekiti state government declares 14-day curfew
News1 day ago

Coronavirus: Ekiti state government announces 14-day curfew

News2 days ago

Only those whose time has come will die of coronavirus — Pastor Adeboye

News2 days ago

Tinubu donates N200m towards fight against Coronavirus

News2 days ago

Coronavirus: Why Buhari ordered lockdown in Lagos, Abuja, Ogun – Minister of health, Ehanire Osagie

Receive NEWS for free

Enter your email address to subscribe to receive news updates

Join 13,594 other subscribers