FG Orders Immediate Payment of N150 bn To Petroleum Marketers

                                 
                             


In a bid to avert the looming scarcity of petroleum products, especially the Premium Motor Spirit, PMS, popularly called petrol, the Federal Government last night ordered the payment of the N150 billion Petroleum Equalisation Fund owed petroleum marketers


The order followed a meeting between the Chief of Staff to the President, Mr Abba Kyari, and the stakeholders in the petroleum sector.
The money is understood to be subsidy on the cost of delivery of petroleum products across the country. Yesterday’s meeting which held behind closed doors at the Conference Room of the Chief of Staff at the Presidential Villa, Abuja was the second and concluding part of the meeting that started on Tuesday on the issue.