PETROAN: We won’t shut down petrol supply over N100bn bridging claims

The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has said it would dialogue with Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over the outstanding payments of N100 billion bridging claims to its members rather than shutting down operations.

Dr Joseph Obele, National Public Relations Officer (PRO), PETROAN said this after an emergency national executive meeting on Tuesday in Abuja.

He therefore urged members not to shut down operations over the association’s conflict with the NMDPRA on the bridging claim issues.

“While acknowledging the frustration and concerns of members regarding the unpaid bridging claims totalling N100 billion, PETROAN firmly believes that a shutdown will have devastating consequences.

“These consequences include fuel scarcity, economic disruption and hardship for the Nigerian people,” he said.

He said that PETROAN reaffirmed its commitment to dialogue rather than industrial action.

“The association urges all parties to engage in constructive engagement and good-faith negotiations to resolve the issue,” he said.

According to Obele, a lot will be achieved through dialogue, especially when parties identify mutually beneficial solutions, build trust and strengthen relationships.

“A lot will also be achieved if we avoid costly and damaging shutdowns and ensure the continued stability and growth of the downstream petroleum sector.

“PETROAN also commends President Bola Tinubu’s efforts to reform the petroleum sector, promoting transparency, accountability and economic growth.

“The association encourages all stakeholders to support and encourage these reforms, rather than sabotaging them ” he said.

Obele urged the authorities responsible to facilitate the prompt payment of outstanding bridging claims to do so.

He said that this would help to alleviate the financial burden on members and ensure the continued smooth operation of the downstream petroleum sector.

He commended the National President, Dr Billy Gillis-Harry, for promoting the stability and growth of the downstream petroleum sector through dialogue, cooperation and innovative solutions.
(NAN)