Diesel, aviation fuel prices ‘ll fall in two weeks- Marketers

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IBE KACHIKWU MINISTER OF PETROLEUM

The pump prices of diesel and aviation fuel will fall in the next two weeks, oil marketers have said. They also confirmed that the Federal Government was currently subsiding the price of Premium Motor Spirit, popularly known as petrol, adding that marketers were owed over N305 billion by the government.

Executive Secretary, Major Oil Marketers Association of Nigeria, Mr. Obafemi Olawore, stated that although diesel had been deregulated, the cost of the commodity and that of aviation fuel would come down in two weeks time.

Total, Mobil, Oando, MRS and Forte Oil are members of MOMAN. Olawore said, “Arising from the meeting with the government last week, there is a committee that is working on ensuring that diesel and aviation fuel come in at a price that is affordable.

The NNPC is bringing in more diesel and the arrangement is that they are going to ensure that we get forex to also bring in diesel.

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