Major oil marketers suspend depot shutdown, resume petrol loading

Depot and Petroleum Products Marketers Association (DAPMA) has suspended its planned shutdown of its depots as from Sunday midnight, to protest the unpaid subsidy on imported petrol.

The association directs its members, to immediately resume the loading of products at their depots.

The association’s executive secretary, Olufemi Adewole, in a statement issued on Monday afternoon in Lagos, explained that the planned stoppage of loading products, was suspended, following intervention from several quarters.

The association said it will recall its staff sacked for five days, to give the presidency an opportunity to conclude the process of planned payment of the first tranche of the outstanding subsidy put at N800 billion.

The debt management office at a meeting with major marketers last week, promised to pay the first tranche of N236 billion through promissory notes on Friday, this week.

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