The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says a litre of Premium Motor Spirit (PMS) commonly known as petrol should sell for between N360 and N400 after the subsidy regime.
PENGASSAN President, Festus Osifo made this known to newsmen on the sidelines of the association’s National Executive Council meeting which was held in Abuja.
A litre of petrol is currently sold at N184 at some parts of the country and slightly higher than that in other regions, even as fuel scarcity and long queues gradually subside in most cities.
However, Osifo said that the association has compelled all its organs nationwide to make fuel available for Nigerians and threatened to withdraw the licenses of any member found hoarding petrol.
He said functional local refineries will not only make fuel affordable but provide jobs for Nigerians. The PENGASSAN chief advised that the money removed from fuel subsidy could be used to end the perennial strike by the Academic Staff Union of Universities (ASUU).
