Oil marketers have written to the Federal Government over their proposal to build about 30,000 gas stations to cushion the effects of the proposed subsidy removal on Premium Motor Spirit, popularly called petrol.
This is coming as Nigerians are currently counting down to the June 2023 projected date for subsidy removal.
The letter, which was signed by the National President, Independent Petroleum Marketers Association of Nigeria,Mr. Chinedu Okonkwo, was addressed to the Minister of Finance, Budget and National Planning , Mrs Zainab Ahmed.
They asked the Federal Government to make the Central Bank of Nigeria (CBN) release the N250bn intervention fund for the National Gas Expansion Programme as loans to vehicle owners to acquire gas conversion kit.
There are also projections that petrol may sell for about N750/litre if the Federal Government removes subsidy by June, this year.
