By Edith Ike-Eboh
The Managing Director of the Petroleum Products Marketing Company (PPMC), Mr Umar Ajiya, has urged Major Marketers Association of Nigeria (MOMAN) to regulate the volume of petroleum products dispatched to their member stations close to the borders.
Ajiya in a statement issued by the Nigerian National Petroleum Corporation’s(NNPC) spokesman, Mr Ndu Ughamadu in Abuja on Wednesday said it would stem cross border leakages and forestall attendant product price hikes.
He said that price arbitrage and differential between regulated price in Nigeria and the high product prices in neighbouring countries encouraged smuggling.
Ajiya noted that MOMAN and its members remained most reliable in the Nigerian Downstream Petroleum Sector distribution network.
He advised that members of the Association should endeavour to increase the respective storage in their depots and stations to avoid stock-out as the…
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