The Department of State Services (DSS) is stepping in to resolve the conflict between the Nigerian National Petroleum Corporation Limited (NNPCL) and oil marketers.
NNPC has approved that oil marketers, under the Independent Petroleum Marketers Association of Nigeria, can begin lifting petrol from its depot at a discounted rate.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has committed to issuing import and off-taker licenses to oil dealers, allowing them to directly import fuel or source products from the Dangote Refinery as part of the government's plan to fully deregulate the oil sector.
In a recent peace meeting led by Adeola Ajayi, the DSS Director General, a new agreement was reached. This agreement permits the national oil company to load products to help settle the N15 billion debt owed to the marketers.
Chinedu Ukadike, the National Publicity Secretary of IPMAN said, “We were invited by the Director of the Department of State Services to resolve the ongoing issue between the association and the NNPCL.
“The meeting was on the non-compliance of selling PMS to IPMAN by Dangote Refinery and the problem we are having with NNPCL in terms of pricing. Based on this, the director of DSS invited us and brokered peace.
“Among what was agreed upon after a meditation process led by our National President Abubakar Maigandi, NNPCL has agreed to make some reductions and allow independent marketers to load out those tickets that amount to N15bn immediately.