New subsidy regime terms for oil marketers released
With a view to ensuring that 2013 marks a year of efficiency
in terms of distribution and supply of petroleum products across the country,
under the present subsidy regime by the Federal Government. The Petroleum
Products Pricing Regulatory Agency (PPPRA) has released new guidelines for the
operations of marketers .
This was the result of a strategic meeting held yesterday in
Abuja between the PPPRA, Oil marketers and other key stakeholders in the
downstream sector. The issues of consistency and dedication in the supply of
petroleum products in the country, has been the pre-occupation of the Agency.
Speaking at the meeting, the Executive Secretary of the
PPPRA, Mr Reginald Stanley made it clear to the marketers that any one caught
defaulting in the standard and operational guideline set out, will lose the
Sovereign Debt Statement (SDS) access.
Also the truck out policy introduced by the Agency, will be
taken very seriously in terms of monitoring and ensuring that the marketers are
rendering genuine service delivery. Under the truck out policy, fuel must be
taken from a farm and distributed to filling stations.
The Agency reiterated the fact that this year, effective and
regular monitoring of the operations of the marketers in the areas of opening
and closing tank dips as well as opening and closing meter readings at depots.
Mr Reginald Stanley in his warning to marketers, said “The
practice of discharging and trucking simultaneously is against established
industry practice and henceforth shall attract appropriate sanctions except
where such is required to create haulage in which case conditions for floating
operations are met.”
The PPPRA boss also stated that any non-performing marketer
will be sanctioned, and for the year, more routine inspections will be carried
out on the tank farms of the marketers . This will be done to wade off the
tendencies of hoarding petroleum products.
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