Federal Government Takes Steps to Reduce Fuel Prices Amidst Confirmation of DSS Involvement by Oil Marketers

The Federal Government is taking measures to reduce fuel prices in an effort to provide relief to Nigerians facing the burden of rising fuel costs. Petroleum marketers have confirmed a scheduled meeting with the Department of State Services (DSS) on Wednesday, October 9, 2024, to discuss the pricing and availability of Premium Motor Spirit (petrol). Alhaji Abubakar Maigandi Shettima, President of the Independent Petroleum Marketers Association of Nigeria, shared this information during an interview with Daily Post, stating, “Wednesday I have a meeting with the Department of State Services.”

It is about the petrol pump price. Anywhere IPMAN is involved it is about the issue of petrol and its availability to members,” he said.The details of the meeting is scarce, as of press time.“Until we go there, I will brief you after the meeting,” the IPMAN boss said when pressed to disclose details.Nigerians have been bearing the brunt of high fuel prices, with costs ranging from N950 to N1,200 or more across the country.This is despite the commencement of fuel production at the 650,000 barrels per day (BPD) capacity Dangote refinery.

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