Arising from a stakeholder meeting on February 20, the Nigerian Association of Road Transport Owners (NARTO) confirmed that it has resumed operations after down tooling for two days.
Its national president, Alhaji Yusuf Lawal Othman, broke the news in Abuja after a meeting with the Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri; the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA); representatives of the Major Energy Marketers Association of Nigeria (MEMAN), Independent Petroleum Marketers Association of Nigeria (IPMAN) and others.
The NARTO boss also confirmed that the marketers have increased the freight rate of the Premium Motor Spirit (PMS) from N32.
He said since the marketers were still calculating the actual figure, he could not state a particular amount of the new freight rate.
He noted that the association would direct its members to start lifting petrol immediately.
NARTO Resumes Operation As Freight Rate Increases
