Nigeria: Fuel Price - Marketers Threaten to Halt Imports

9 February 2009

Even as fuel queues that appeared at the petrol filling stations following the reduction in petrol price by the Federal Government began to abate, a fresh crisis erupted yesterday when the Major Oil Marketers Association of Nigeria (MOMAN) threatened to stop importation of Premium Motor Sprit unless the government addresses "some controversial issues" in the new pricing template.

Members of MOMAN include African Petroleum Plc, Chevron Nigeria, Conoil, Mobil, Oando and Total Nigeria, which together said they are responsible for 50 percent of total petrol importation into the country.

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