PUNCH
Nigeria may witness another round of fuel scarcity as the Nigerian Association of Road Transport Owners, on Thursday, vowed to stop lifting petroleum products beginning from 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 to N1,400/litre depending on the area of purchase.
NARTO’s President, Yusuf Othman, in a statement he issued 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 being 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 park. But from the point of the association itself, we are going to suspend operations on Monday,” he stated.
