PETROAN Seeks 30% of Federal Petrol Discount Scheme
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has welcomed the federal government's 30-day petrol discount scheme, requesting that 30% of the discounted petrol be sold through its members' outlets. The scheme, announced by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, aims to support public transport operators.
PETROAN stated that the intervention is crucial as transport costs impact food prices and other essential commodities. The association highlighted its extensive retail network, which reaches remote areas lacking NNPC outlets, arguing that a 30% allocation would benefit both rural and urban Nigerians.
PETROAN also expressed interest in participating in the Federal Government's compressed natural gas initiative. National President Dr. Billy Gillis-Harry praised the government's recognition of transportation's economic importance but urged for transparent implementation with clear guidelines.
He stressed that the success of the scheme should be measured by its impact on transport fares, food prices, and household purchasing power, rather than just the volume of petrol sold at a discount.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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