NARTO Threatens to Halt Petrol Lifting from Mondayqq

The Nigerian Association of Road Transport Owners, on Thursday, vowed to stop lifting petroleum products beginning next week Monday due to the high cost of operations.

NARTO members have repeatedly raised concern over the high cost of diesel required to power their trucks for the transportation of petroleum products across the country.

Oil marketers told our correspondent on Thursday that diesel price is between N1,250 and N1,400/litre depending on the area of purchase.

NARTO’s President, Yusuf Othman, in a statement in Abuja on Thursday, said the statement was an official announcement from the association’s headquarters that members of the group would park their trucks from Monday.

Why? It is because what we spend on operations is more than what we get in total, both in local and bridging,” he stated.

Othman said NARTO members had been operating at a loss and it was no longer sustainable for them to endure the losses.

We will have to suspend operations latest from now till on Monday. We cannot continue to operate at a loss. Most people have parked.

A lot more are going to the park. But from the point of the association itself, we are going to suspend operations on Monday,” he stated.

He said NARTO’s efforts to get the intervention of key stakeholders, the Federal Government and industry operators had not yielded positive results.

The NARTO president said the association had written letters on the unbearable cost of operations to the Chief of Staff to President Bola Tinubu; Minister of Petroleum Resources; Department of State Services; Nigerian Midstream and Downstream Regulatory Authority; Nigerian National Petroleum Company Limited; and oil marketers.

We have written letters up to the level of the Chief of Staff to the President. We have written to the Minister of Petroleum Resources (Oil).