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| Diezani Alison-Madueke |
Major Oil Marketers Association of Nigeria (MOMAN)
has decried the non-payment of an outstanding N250 billion subsidy claims for
2014, urging the federal government to pay the bills and deregulate the
downstream sector.
Speaking to journalists in Lagos on the recent
reduction of the pump price of petrol, the Executive Secretary of MOMAN, Obafemi
Olawore, said the outstanding N250 billion claims include accumulated interest
and foreign exchange differentials.
Olawore further disclosed that a directive has been
given by the association to members to conform to the directive of the Minster
of Petroleum Resources, Diezani Alison-Madueke and adjust their pump price from
N 97 to N87 per litre.
According to him, about 85 per cent of its members
have adjusted their pump price, adding that others will follow suit.
He said the devaluation of the naira contributed
significantly to the increase of the pump price in Nigeria, adding that if the
naira had not been devalued, the pump price would have come down as in other
countries.
Olawore also attributed the high cost of petrol in
Nigeria to freight and the state of the refineries.
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