{"id":110572,"date":"2024-02-16T00:57:28","date_gmt":"2024-02-15T23:57:28","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=110572"},"modified":"2024-02-16T00:57:28","modified_gmt":"2024-02-15T23:57:28","slug":"narto-threatens-to-stop-lifting-petrol-from-monday","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/narto-threatens-to-stop-lifting-petrol-from-monday\/","title":{"rendered":"NARTO threatens to stop lifting petrol from Monday"},"content":{"rendered":"
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The Nigerian Association of Road Transport Owners, on Thursday, vowed to stop lifting petroleum products beginning next week Monday due to the high cost of operations.<\/div>\n
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\nNARTO 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.<\/p>\n

Oil marketers told our correspondent on Thursday that diesel price is between N1,250 and\u00a0 N1,400\/litre depending on the area of purchase.<\/p>\n

NARTO\u2019s President, Yusuf Othman, in a statement in Abuja on Thursday, said the statement was an official announcement from the association\u2019s headquarters that members of the group would park their trucks from Monday.<\/p>\n

\u201cWhy? It is because what we spend on operations is more than what we get in total, both in local and bridging,\u201d he stated.<\/p>\n

Othman said NARTO members had been operating at a loss and it was no longer sustainable for them to endure the losses.<\/p>\n

\u201cWe will have to suspend operations latest from now till on Monday. We cannot continue to operate at a loss. Most people have parked.<\/p>\n

\u201cA lot more are going to the park. But from the point of the association itself, we are going to suspend operations on Monday,\u201d he stated.<\/p>\n

He said NARTO\u2019s efforts to get the intervention of key stakeholders, the Federal Government and industry operators had not yielded positive results.<\/p>\n

The NARTO president said the association had written letters on the unbearable cost of operations to the Chief of Staff to President Bola Tinubu; Minister of Petroleum Resources; Department of State Services; Nigerian Midstream and Downstream Regulatory Authority; Nigerian National Petroleum Company Limited; and oil marketers.<\/p>\n

\u201cWe have written letters up to the level of the Chief of Staff to the President. We have written to the Minister of Petroleum Resources (Oil).<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Nigerian Association of Road Transport Owners, on Thursday, vowed to stop lifting petroleum products beginning next week Monday due to the high cost of operations. 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