THE NATION
Premium Motor Spirit (PMS) petrol may become scarce any moment from now as the Nigerian Association of Road Transport Owners (NARTO) on Thursday, February 15, vowed to suspend operations on Monday.
Its national president, Alhaji Yusuf Lawal Othman, made this known in a press statement he issued from Abuja.
The association is basically responsible for the haulage of the product throughout the country.
Othman, however, noted that the statement is an official announcement from the association’s headquarters that the members are parking their trucks from Monday.
He stressed: “Why? Because what we spend on operation is more than what we get in total: both in local and bridging.”
According to him, the members have being operating at a loss and it is no longer sustainable for them to endure the losses.
NARTO National President said: “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 park. But from the point of the association itself, we are going to suspend operations on Monday.”
The President disclosed that NARTO’s efforts at soliciting the intervention of all the key stakeholders in the Federal Government and industry have not yielded positive results.
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