• About Us
Transportation Plus Nigeria
Enjoy FastVPN!
  • News
    Nine die, one injured as container falls on bus at Ojuelegba Bridge

    Nine die, one injured as container falls on bus at Ojuelegba Bridge

    LAGOS DISTRIBUTES 100 VEHICLES TO SUBSTANTIVE DIRECTORS ON GL 17 

    LAGOS DISTRIBUTES 100 VEHICLES TO SUBSTANTIVE DIRECTORS ON GL 17 

    IKORODU ROAD REHABILITATION: LAGOS ANNOUNCES TRAFFIC DIVERSION AT OJOTA

    LAGOS ISSUES TRAVEL ALERT AHEAD OF STUDENTS RAVE EVENT

    LRMT RED LINE PROJECT: LAGOS EXTENDS TRAFFIC DIVERSION AT MURITALA MOHAMMED WAY, KAYODE, OGUNMOKUN STREET.

    LRMT RED LINE PROJECT: LAGOS EXTENDS TRAFFIC DIVERSION AT MURITALA MOHAMMED WAY, KAYODE, OGUNMOKUN STREET

    QUEUE AT FILLING STATIONS: LAGOS MOVES TO REGULATE ACTIVITIES OF PETROLEUM MARKETERS TO EASE TRAFFIC FLOW

    QUEUE AT FILLING STATIONS: LAGOS MOVES TO REGULATE ACTIVITIES OF PETROLEUM MARKETERS TO EASE TRAFFIC FLOW

    215 people die in road crashes, as FRSC arrests 11,557 traffic offenders in Kano

    215 people die in road crashes, as FRSC arrests 11,557 traffic offenders in Kano

    FG CONDEMNS KIDNAPPING OF PASSENGERS AT EDO TRAIN STATION

    FG CONDEMNS KIDNAPPING OF PASSENGERS AT EDO TRAIN STATION

    RE: HOW LASTMA, AREA BOYS ALLEGEDLY STABBED DRIVER TO COMA.

    RE: HOW LASTMA, AREA BOYS ALLEGEDLY STABBED DRIVER TO COMA.

    LASG WARNS NIGHT CLUBS OWNERS OVERS ILLEGAL PARKING

    LASG WARNS NIGHT CLUBS OWNERS OVERS ILLEGAL PARKING

  • Automotive
    Hyundai Motor Wins GOOD DESIGN Awards for SEVEN and Trailer Drone Concepts

    Hyundai Motor Wins GOOD DESIGN Awards for SEVEN and Trailer Drone Concepts

    Hyundai IONIQ 5 emerges MotorTrend 2023 SUV of the Year

    Hyundai IONIQ 5 Emerges MotorTrend 2023 SUV of the Year

    Leventis Motor launches Foton Auman Euro 3 with Cummins Engine

    Leventis Motor launches Foton Auman Euro 3 with Cummins Engine

    NDDC: Nigerian auto companies to start exporting vehicles across Africa

    NDDC: Nigerian auto companies to start exporting vehicles across Africa

    A/Ibom state first auto assembly plant is  70% ready – Govt

    NDDC says Nigeria can now produce 400,000 cars annually

    A/Ibom state first auto assembly plant is  70% ready – Govt

    A/Ibom state first auto assembly plant is 70% ready – Govt

  • Maritime
    JAMOH HIGHLIGHTS IMPORTANCE OF STANDARDIZED DIGITAL COMMUNICATION TO EFFECTIVE PORT, FLAG ADMINISTRATION

    JAMOH HIGHLIGHTS IMPORTANCE OF STANDARDIZED DIGITAL COMMUNICATION TO EFFECTIVE PORT, FLAG ADMINISTRATION.

    BUHARI APPROVES DISBURSEMENT OF CABOTAGE FUND, APPOINTED 5 BANKS AS PRIMARY LENDING INSTITUTIONS

    BUHARI APPROVES DISBURSEMENT OF CABOTAGE FUND, APPOINTED 5 BANKS AS PRIMARY LENDING INSTITUTIONS

    FG IS COMMITTED TO ONDO DEEP SEA PORT, SAYS OSINBAJO.

    FG IS COMMITTED TO ONDO DEEP SEA PORT, SAYS OSINBAJO.

    MAJAN set to honour reputable stakeholders, commission secretariat

    MAJAN set to honour reputable stakeholders, commission secretariat

    Jamoh harps on need for adequate remuneration, better condition for seafarers

    Jamoh harps on need for adequate remuneration, better condition for seafarers

    NAGAFF Founder, Aniebonam charges Transport Minister to implement CRFFN Act

    NAGAFF Founder, Aniebonam Charges Transport Minister, Sambo to Implement CRFFN Act

    Boat Accident: LASWA Vows to go After Careless Operators

    Boat Accident: LASWA Vows to go After Careless Operators

    NIMASA carries out wreck removal along Badagry Creek

    NIMASA carries out wreck removal along Badagry Creek

    Tanko hits Oforbike, Ezeh over reactions to false declaration matter

    Tanko hits Oforbike, Ezeh over reactions to false declaration matter

  • Railway
    TRAFFIC ALERT: LASG ANNOUNCES DIVERSION AT SECOND RAINBOW

    LAGOS RAIL MASS TRANSIT: LASG EXTENDS TRAFFIC DIVERSION AT MURITALA MOHAMMED WAY, YABA AXIS  

    LAMATA CONFIRMS LAGOS RAIL MASS TRANSIT BLUE LINE READY FOR PASSENGER OPERATIONS

    LAMATA CONFIRMS LAGOS RAIL MASS TRANSIT BLUE LINE READY FOR PASSENGER OPERATIONS

    LASG ANNOUNCES DIVERSION AT JONATHAN COKER FOR RAILWAY PROJECT

    LASG ANNOUNCES TRAFFIC DIVERSION AT JONATHAN COKER FOR RAILWAY PROJECT

    RAIL PROJECT: LASG TO DIVERT TRAFFIC AT OGUNMOKUN CROSSING

    LASG TO DIVERT TRAFFIC AT OGUNMOKUN RAIL CROSSING

    NRC receives 24 bids for e-ticketing solutions, plans e-ticketing for passengers in 2022

    Work soon to begin on $11 billion Lagos-Calabar, Port Harcourt-Maiduguri railways

    Traffic Alert: three months traffic diversion on Dopemu Road

    Lagos Acquires New Intra-City Metropolitan Trains For Red Line Rail Project

    NRC suspends 8 a.m. train ride

    NRC suspends 8 a.m. train ride

    NRC receives 24 bids for e-ticketing solutions, plans e-ticketing for passengers in 2022

    NRC receives 24 bids for e-ticketing solutions, plans e-ticketing for passengers in 2022

  • Haulage and Logistics
    LAGOS SENSITISES VEHICLE INSPECTION OFFICERS ON CREATIVITY, INNOVATION

    INCESSANT TRUCK ACCIDENTS: LASG WARNS TRUCK DRIVERS, OWNERS AGAINST RECKLESSNESS

    Maritime Transport Sector is Dying, MWUN is Collecting Money in 20 points, COMTUA cries out

    TANKER ACCIDENT ALERT

    TANKER ACCIDENT ALERT

    AVERTING TANKER EXPLOSION: NARTO MAKES RECOMMENDATIONS, CHARGES FRSC TO ACT

    AVERTING TANKER EXPLOSION: NARTO MAKES RECOMMENDATIONS, CHARGES FRSC TO ACT

    11 people burnt to death, 14 vehicles burnt in tanker explosion

    11 people burnt to death, 14 vehicles burnt in tanker explosion

    Who will Save Truckers from Extortion, Touting?

    Who will Save Truckers in Nigeria from Extortion, Touting?

    Transporters demand increase in petroleum freight rate

    NARTO demands increase in petroleum products’ freight rate

    Buhari releases N621b to ease fuel transportation to North

    Buhari releases N621b to ease fuel transportation to North

    Lagos reveals plans to end tanker crash, explosion

    Lagos reveals plans to end tanker crash, explosion

  • Aviation
    Aviation Safety Round Table Initiative urges NCAA, Ministries to Support LASG on Lekki Axis Airport

    Aviation Safety Round Table Initiative urges NCAA, Ministries to Support LASG on Lekki Airport

    2.1 million Passengers travel in and out of Nigeria by air in 2021

    ART Charges CBN to Obey BASA Agreement on Foreign Airlines Transportations

    Two Pilots died in Nigerian Air Force Aircraft Crash

    Two Pilots died in Nigerian Air Force Aircraft Crash

    Stakeholders Discuss Implications of Foreign Airlines Multiple Entry Points to Nigeria

    Stakeholders Discuss Implications of Foreign Airlines Multiple Entry Points to Nigeria

    Buhari releases N621b to ease fuel transportation to North

    Buhari Inaugurates Lafia Cargo Airport

    2.1 million Passengers travel in and out of Nigeria by air in 2021

    2.1 million Passengers travel in and out of Nigeria by air in 2021

    Recording zero civil aviation accident in 2021 is the best of all -Comrade Abioye

    Recording zero civil aviation accident in 2021 is the best of all -Comrade Abioye

    FAAN ARRESTS OVER 90 TOUTS, HANDS 89 OVER TO POLICE

    Airport is secure, Okada remains banned around airport, says FAAN

    Qatar Airways starts service to Kano, Port Harcourt March 2

    Qatar Airways starts service to Kano, Port Harcourt March 2

  • Road
    Nine die, one injured as container falls on bus at Ojuelegba Bridge

    Nine die, one injured as container falls on bus at Ojuelegba Bridge

    LAGOS DISTRIBUTES 100 VEHICLES TO SUBSTANTIVE DIRECTORS ON GL 17 

    LAGOS DISTRIBUTES 100 VEHICLES TO SUBSTANTIVE DIRECTORS ON GL 17 

    IKORODU ROAD REHABILITATION: LAGOS ANNOUNCES TRAFFIC DIVERSION AT OJOTA

    LAGOS ISSUES TRAVEL ALERT AHEAD OF STUDENTS RAVE EVENT

    LRMT RED LINE PROJECT: LAGOS EXTENDS TRAFFIC DIVERSION AT MURITALA MOHAMMED WAY, KAYODE, OGUNMOKUN STREET.

    LRMT RED LINE PROJECT: LAGOS EXTENDS TRAFFIC DIVERSION AT MURITALA MOHAMMED WAY, KAYODE, OGUNMOKUN STREET

    QUEUE AT FILLING STATIONS: LAGOS MOVES TO REGULATE ACTIVITIES OF PETROLEUM MARKETERS TO EASE TRAFFIC FLOW

    QUEUE AT FILLING STATIONS: LAGOS MOVES TO REGULATE ACTIVITIES OF PETROLEUM MARKETERS TO EASE TRAFFIC FLOW

    215 people die in road crashes, as FRSC arrests 11,557 traffic offenders in Kano

    215 people die in road crashes, as FRSC arrests 11,557 traffic offenders in Kano

    FG CONDEMNS KIDNAPPING OF PASSENGERS AT EDO TRAIN STATION

    FG CONDEMNS KIDNAPPING OF PASSENGERS AT EDO TRAIN STATION

    RE: HOW LASTMA, AREA BOYS ALLEGEDLY STABBED DRIVER TO COMA.

    RE: HOW LASTMA, AREA BOYS ALLEGEDLY STABBED DRIVER TO COMA.

    LASG WARNS NIGHT CLUBS OWNERS OVERS ILLEGAL PARKING

    LASG WARNS NIGHT CLUBS OWNERS OVERS ILLEGAL PARKING

  • Magazine
No Result
View All Result
  • News
    Nine die, one injured as container falls on bus at Ojuelegba Bridge

    Nine die, one injured as container falls on bus at Ojuelegba Bridge

    LAGOS DISTRIBUTES 100 VEHICLES TO SUBSTANTIVE DIRECTORS ON GL 17 

    LAGOS DISTRIBUTES 100 VEHICLES TO SUBSTANTIVE DIRECTORS ON GL 17 

    IKORODU ROAD REHABILITATION: LAGOS ANNOUNCES TRAFFIC DIVERSION AT OJOTA

    LAGOS ISSUES TRAVEL ALERT AHEAD OF STUDENTS RAVE EVENT

    LRMT RED LINE PROJECT: LAGOS EXTENDS TRAFFIC DIVERSION AT MURITALA MOHAMMED WAY, KAYODE, OGUNMOKUN STREET.

    LRMT RED LINE PROJECT: LAGOS EXTENDS TRAFFIC DIVERSION AT MURITALA MOHAMMED WAY, KAYODE, OGUNMOKUN STREET

    QUEUE AT FILLING STATIONS: LAGOS MOVES TO REGULATE ACTIVITIES OF PETROLEUM MARKETERS TO EASE TRAFFIC FLOW

    QUEUE AT FILLING STATIONS: LAGOS MOVES TO REGULATE ACTIVITIES OF PETROLEUM MARKETERS TO EASE TRAFFIC FLOW

    215 people die in road crashes, as FRSC arrests 11,557 traffic offenders in Kano

    215 people die in road crashes, as FRSC arrests 11,557 traffic offenders in Kano

    FG CONDEMNS KIDNAPPING OF PASSENGERS AT EDO TRAIN STATION

    FG CONDEMNS KIDNAPPING OF PASSENGERS AT EDO TRAIN STATION

    RE: HOW LASTMA, AREA BOYS ALLEGEDLY STABBED DRIVER TO COMA.

    RE: HOW LASTMA, AREA BOYS ALLEGEDLY STABBED DRIVER TO COMA.

    LASG WARNS NIGHT CLUBS OWNERS OVERS ILLEGAL PARKING

    LASG WARNS NIGHT CLUBS OWNERS OVERS ILLEGAL PARKING

  • Automotive
    Hyundai Motor Wins GOOD DESIGN Awards for SEVEN and Trailer Drone Concepts

    Hyundai Motor Wins GOOD DESIGN Awards for SEVEN and Trailer Drone Concepts

    Hyundai IONIQ 5 emerges MotorTrend 2023 SUV of the Year

    Hyundai IONIQ 5 Emerges MotorTrend 2023 SUV of the Year

    Leventis Motor launches Foton Auman Euro 3 with Cummins Engine

    Leventis Motor launches Foton Auman Euro 3 with Cummins Engine

    NDDC: Nigerian auto companies to start exporting vehicles across Africa

    NDDC: Nigerian auto companies to start exporting vehicles across Africa

    A/Ibom state first auto assembly plant is  70% ready – Govt

    NDDC says Nigeria can now produce 400,000 cars annually

    A/Ibom state first auto assembly plant is  70% ready – Govt

    A/Ibom state first auto assembly plant is 70% ready – Govt

  • Maritime
    JAMOH HIGHLIGHTS IMPORTANCE OF STANDARDIZED DIGITAL COMMUNICATION TO EFFECTIVE PORT, FLAG ADMINISTRATION

    JAMOH HIGHLIGHTS IMPORTANCE OF STANDARDIZED DIGITAL COMMUNICATION TO EFFECTIVE PORT, FLAG ADMINISTRATION.

    BUHARI APPROVES DISBURSEMENT OF CABOTAGE FUND, APPOINTED 5 BANKS AS PRIMARY LENDING INSTITUTIONS

    BUHARI APPROVES DISBURSEMENT OF CABOTAGE FUND, APPOINTED 5 BANKS AS PRIMARY LENDING INSTITUTIONS

    FG IS COMMITTED TO ONDO DEEP SEA PORT, SAYS OSINBAJO.

    FG IS COMMITTED TO ONDO DEEP SEA PORT, SAYS OSINBAJO.

    MAJAN set to honour reputable stakeholders, commission secretariat

    MAJAN set to honour reputable stakeholders, commission secretariat

    Jamoh harps on need for adequate remuneration, better condition for seafarers

    Jamoh harps on need for adequate remuneration, better condition for seafarers

    NAGAFF Founder, Aniebonam charges Transport Minister to implement CRFFN Act

    NAGAFF Founder, Aniebonam Charges Transport Minister, Sambo to Implement CRFFN Act

    Boat Accident: LASWA Vows to go After Careless Operators

    Boat Accident: LASWA Vows to go After Careless Operators

    NIMASA carries out wreck removal along Badagry Creek

    NIMASA carries out wreck removal along Badagry Creek

    Tanko hits Oforbike, Ezeh over reactions to false declaration matter

    Tanko hits Oforbike, Ezeh over reactions to false declaration matter

  • Railway
    TRAFFIC ALERT: LASG ANNOUNCES DIVERSION AT SECOND RAINBOW

    LAGOS RAIL MASS TRANSIT: LASG EXTENDS TRAFFIC DIVERSION AT MURITALA MOHAMMED WAY, YABA AXIS  

    LAMATA CONFIRMS LAGOS RAIL MASS TRANSIT BLUE LINE READY FOR PASSENGER OPERATIONS

    LAMATA CONFIRMS LAGOS RAIL MASS TRANSIT BLUE LINE READY FOR PASSENGER OPERATIONS

    LASG ANNOUNCES DIVERSION AT JONATHAN COKER FOR RAILWAY PROJECT

    LASG ANNOUNCES TRAFFIC DIVERSION AT JONATHAN COKER FOR RAILWAY PROJECT

    RAIL PROJECT: LASG TO DIVERT TRAFFIC AT OGUNMOKUN CROSSING

    LASG TO DIVERT TRAFFIC AT OGUNMOKUN RAIL CROSSING

    NRC receives 24 bids for e-ticketing solutions, plans e-ticketing for passengers in 2022

    Work soon to begin on $11 billion Lagos-Calabar, Port Harcourt-Maiduguri railways

    Traffic Alert: three months traffic diversion on Dopemu Road

    Lagos Acquires New Intra-City Metropolitan Trains For Red Line Rail Project

    NRC suspends 8 a.m. train ride

    NRC suspends 8 a.m. train ride

    NRC receives 24 bids for e-ticketing solutions, plans e-ticketing for passengers in 2022

    NRC receives 24 bids for e-ticketing solutions, plans e-ticketing for passengers in 2022

  • Haulage and Logistics
    LAGOS SENSITISES VEHICLE INSPECTION OFFICERS ON CREATIVITY, INNOVATION

    INCESSANT TRUCK ACCIDENTS: LASG WARNS TRUCK DRIVERS, OWNERS AGAINST RECKLESSNESS

    Maritime Transport Sector is Dying, MWUN is Collecting Money in 20 points, COMTUA cries out

    TANKER ACCIDENT ALERT

    TANKER ACCIDENT ALERT

    AVERTING TANKER EXPLOSION: NARTO MAKES RECOMMENDATIONS, CHARGES FRSC TO ACT

    AVERTING TANKER EXPLOSION: NARTO MAKES RECOMMENDATIONS, CHARGES FRSC TO ACT

    11 people burnt to death, 14 vehicles burnt in tanker explosion

    11 people burnt to death, 14 vehicles burnt in tanker explosion

    Who will Save Truckers from Extortion, Touting?

    Who will Save Truckers in Nigeria from Extortion, Touting?

    Transporters demand increase in petroleum freight rate

    NARTO demands increase in petroleum products’ freight rate

    Buhari releases N621b to ease fuel transportation to North

    Buhari releases N621b to ease fuel transportation to North

    Lagos reveals plans to end tanker crash, explosion

    Lagos reveals plans to end tanker crash, explosion

  • Aviation
    Aviation Safety Round Table Initiative urges NCAA, Ministries to Support LASG on Lekki Axis Airport

    Aviation Safety Round Table Initiative urges NCAA, Ministries to Support LASG on Lekki Airport

    2.1 million Passengers travel in and out of Nigeria by air in 2021

    ART Charges CBN to Obey BASA Agreement on Foreign Airlines Transportations

    Two Pilots died in Nigerian Air Force Aircraft Crash

    Two Pilots died in Nigerian Air Force Aircraft Crash

    Stakeholders Discuss Implications of Foreign Airlines Multiple Entry Points to Nigeria

    Stakeholders Discuss Implications of Foreign Airlines Multiple Entry Points to Nigeria

    Buhari releases N621b to ease fuel transportation to North

    Buhari Inaugurates Lafia Cargo Airport

    2.1 million Passengers travel in and out of Nigeria by air in 2021

    2.1 million Passengers travel in and out of Nigeria by air in 2021

    Recording zero civil aviation accident in 2021 is the best of all -Comrade Abioye

    Recording zero civil aviation accident in 2021 is the best of all -Comrade Abioye

    FAAN ARRESTS OVER 90 TOUTS, HANDS 89 OVER TO POLICE

    Airport is secure, Okada remains banned around airport, says FAAN

    Qatar Airways starts service to Kano, Port Harcourt March 2

    Qatar Airways starts service to Kano, Port Harcourt March 2

  • Road
    Nine die, one injured as container falls on bus at Ojuelegba Bridge

    Nine die, one injured as container falls on bus at Ojuelegba Bridge

    LAGOS DISTRIBUTES 100 VEHICLES TO SUBSTANTIVE DIRECTORS ON GL 17 

    LAGOS DISTRIBUTES 100 VEHICLES TO SUBSTANTIVE DIRECTORS ON GL 17 

    IKORODU ROAD REHABILITATION: LAGOS ANNOUNCES TRAFFIC DIVERSION AT OJOTA

    LAGOS ISSUES TRAVEL ALERT AHEAD OF STUDENTS RAVE EVENT

    LRMT RED LINE PROJECT: LAGOS EXTENDS TRAFFIC DIVERSION AT MURITALA MOHAMMED WAY, KAYODE, OGUNMOKUN STREET.

    LRMT RED LINE PROJECT: LAGOS EXTENDS TRAFFIC DIVERSION AT MURITALA MOHAMMED WAY, KAYODE, OGUNMOKUN STREET

    QUEUE AT FILLING STATIONS: LAGOS MOVES TO REGULATE ACTIVITIES OF PETROLEUM MARKETERS TO EASE TRAFFIC FLOW

    QUEUE AT FILLING STATIONS: LAGOS MOVES TO REGULATE ACTIVITIES OF PETROLEUM MARKETERS TO EASE TRAFFIC FLOW

    215 people die in road crashes, as FRSC arrests 11,557 traffic offenders in Kano

    215 people die in road crashes, as FRSC arrests 11,557 traffic offenders in Kano

    FG CONDEMNS KIDNAPPING OF PASSENGERS AT EDO TRAIN STATION

    FG CONDEMNS KIDNAPPING OF PASSENGERS AT EDO TRAIN STATION

    RE: HOW LASTMA, AREA BOYS ALLEGEDLY STABBED DRIVER TO COMA.

    RE: HOW LASTMA, AREA BOYS ALLEGEDLY STABBED DRIVER TO COMA.

    LASG WARNS NIGHT CLUBS OWNERS OVERS ILLEGAL PARKING

    LASG WARNS NIGHT CLUBS OWNERS OVERS ILLEGAL PARKING

  • Magazine
No Result
View All Result
Transportation Plus Nigeria
No Result
View All Result
Home Haulage and Logistics

NARTO demands increase in petroleum products’ freight rate

...Threaten to withdraw service

Tplusng by Tplusng
February 10, 2022
in Haulage and Logistics
0
Transporters demand increase in petroleum freight rate
0
SHARES
28
VIEWS

The Nigerian Association of Road Transporters Owners (NARTO) has called on the Downstream, Midstream Regulatory Authority (DSMSRA) and other concerned federal government agencies to urgently increase the freight rate payable to its members that are transporting petroleum products in the country and as well rehabilitate the roads, saying her members are groaning under intense and harsh operating conditions occasioned by acute shortage of working capital for the efficient running of their operations.

The National President the association, Alhaji Yusuf Lawal Othman made the call on Thursday at a press briefing in Abuja. The NARTO president said the petroleum transporters cannot continue to run with the current freight rate and bad state of the roads and if the situation remains unattended to by the government, the association would have no choice but to park their tankers and withdraw their service, insisting that they cannot continue to operate at a loss.

ALSOREAD

LAGOS SENSITISES VEHICLE INSPECTION OFFICERS ON CREATIVITY, INNOVATION

INCESSANT TRUCK ACCIDENTS: LASG WARNS TRUCK DRIVERS, OWNERS AGAINST RECKLESSNESS

February 1, 2023

Maritime Transport Sector is Dying, MWUN is Collecting Money in 20 points, COMTUA cries out

January 18, 2023
TANKER ACCIDENT ALERT

TANKER ACCIDENT ALERT

January 3, 2023

The NARTO President said “as you are aware, one of the critical segment of our association, which is the transportation of petroleum products is carried out under a regulated environment.  The payment of freight is regulated by the Downstream, Midstream Regulatory Authority (DSMSRA) based on the overall PMS pricing template; most often, without due regard to prevailing economic and market conditions. Worse still, these payments are received by transporters in arrears, usually 3-5 months after the products were delivered.

Build your website with Namecheap!

“In 2020, there was an approval by the defunct board of the Petroleum Products Pricing Regulatory Agency (PPPRA) to increase the freight rate by 26% for which the endorsement of the Hon Minister of State for Petroleum Resources was needed for implementation. However, the Hon Minister of State could not endorse the approval due to the obvious implication of its implementation that would result into either an outright increase in the pump price of PMS or lead to an increase in the subsidy on the product, neither of which the government was ready to do at the time.

“This situation generated a lot of tension in the downstream petroleum industry with strong possibility of industrial action from both NARTO and PTD/NUPENG. To douse this tension, the Group Managing Director (GMD) of NNPC intervened by suggesting two alternatives which include PPPRA to look into the possibility of accommodating an increase on the existing pricing template by reducing the share of government agencies on the template such as (a) PPPRA Funding, (b) NIMASA Charges, and (c) NPA Fees and secondly to revert to National Economic Council to inform it of the changes and the financial implication of the decision on the finances of the nation. Based on Presidential approval the first option was adopted by approving 10% to be implemented immediately while the balance of 16% was to be implemented based on the second option. To date this 16% is yet to be implemented.

Othman stated that since then, unfortunately, the economic circumstance in the country have not been better, whereas, the association’s operational costs keep growing up exponentially, noting that their truck replacement costs and operational costs are now unbearable. According to the NARTO President, truck head that was being sold for N20million in 2020 is now sold for N35million and Tank that was N8million is 2020 is now N15million. Adding that Tires that used to be N35, 000 in 2020 is now N150, 000, just as batteries that that used to be N32, 000 in 2020 is now N120, 000 and Diesel from N250 per litre in 2020 now sells for N420.

According to Othman, all the costs involve the use of foreign exchange to acquire, which transporters must source by themselves since they are not beneficiaries of the government official forex allocations, stressing that the cost of maintenance, such as spare parts, gear oil, lubricants, overheads among others is another challenges entirely different from the already mentioned cost.

He also decried the state of the roads, saying the bad roads is affecting their operations. He said “Although we commend the federal government for the NNPC Tax Credit intervention of N621billion for the repair of 21 roads, they should speed up with the awards of the contracts and exercise extreme care in the supervision, monitoring and payment so as to ensure value for money in contract execution. This becomes imperative to avoid substandard or poor work execution. In fact, we recommend that a committee comprising of stakeholders should be set up to help in the supervision and monitoring exercise to ensure speedy completion of the work before the rainy season.

“From these facts I that I have presented, it should be clear that the current freight rate payable is not only inadequate but unsustainable for our continued operation.  There is no doubt that transporters would find it difficult to operate under this condition. For the records, I should emphasize the positive contribution of trucks to the efficient distribution of petroleum products across the country, despite the occasional problems associated with them.  It is on record that over 98% of petroleum products are transported by road today.  The pipelines have not been operational for years while the railways, despite their rehabilitation, are yet to commence.

“The current PMS scarcity is partly, caused by lack of funds to run the trucks profitably.  Many transporters have decided to park their trucks, and I am sure that many more will park theirs in due course if something drastic about increasing the freight rate is not promptly done. Consequently, we would like to notify the members of the public that while we sympathize with them over the inconveniences that PMS scarcity might be causing them, we are constrained to inform them that if the situation remains unattended we would have no choice but to park our trucks because we cannot continue to operate at a loss”, the NARTO president said.

 

Tags: featurednartopetroleum tanker
ShareTweetSendShareShareSharePin
Build your website!
Previous Post

NIMASA boss, Jamoh commends Navy for safeguarding floating dock

Next Post

Pandemonium, as NURTW factions clash in Lagos

Tplusng

Tplusng

Related Posts

LAGOS SENSITISES VEHICLE INSPECTION OFFICERS ON CREATIVITY, INNOVATION
Haulage and Logistics

INCESSANT TRUCK ACCIDENTS: LASG WARNS TRUCK DRIVERS, OWNERS AGAINST RECKLESSNESS

February 1, 2023
Haulage and Logistics

Maritime Transport Sector is Dying, MWUN is Collecting Money in 20 points, COMTUA cries out

January 18, 2023
TANKER ACCIDENT ALERT
Haulage and Logistics

TANKER ACCIDENT ALERT

January 3, 2023
AVERTING TANKER EXPLOSION: NARTO MAKES RECOMMENDATIONS, CHARGES FRSC TO ACT
Haulage and Logistics

AVERTING TANKER EXPLOSION: NARTO MAKES RECOMMENDATIONS, CHARGES FRSC TO ACT

November 28, 2022
11 people burnt to death, 14 vehicles burnt in tanker explosion
Haulage and Logistics

11 people burnt to death, 14 vehicles burnt in tanker explosion

November 11, 2022
Who will Save Truckers from Extortion, Touting?
Haulage and Logistics

Who will Save Truckers in Nigeria from Extortion, Touting?

May 23, 2022
Load More
Next Post
Pandemonium, as NURTW factions clash in Lagos

Pandemonium, as NURTW factions clash in Lagos

10 months after, Buhari confirms Bello-Koko as Substantive NPA MD

Modernization of Port Infrastructure Underpins Nigeria’s Economic Future – MD NPA

Leventis Motor launches Foton Auman Euro 3 with Cummins Engine

Leventis Motor launches Foton Auman Euro 3 with Cummins Engine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Traffic Alert: three months traffic diversion on Dopemu Road

LAGOS TO OBSERVE CAR FREE DAY ON SUNDAY, SEPTEMBER 25

September 23, 2022
Traffic Alert: three months traffic diversion on Dopemu Road

LAGOS DISBANDS M. O. T TASK FORCE TEAM

August 11, 2022
TRAFFIC ALERT: SEE TRAVEL ADVISORY AHEAD OF ACCESS BANK LAGOS CITY MARATHON

TRAFFIC ALERT: SEE TRAVEL ADVISORY AHEAD OF ACCESS BANK LAGOS CITY MARATHON

February 3, 2023
Giwa Mulls plan to Reposition LASTMA

Giwa Mulls plan to Reposition LASTMA

August 11, 2022
2 died, 6 escaped in Lagos-Ibadan Expressway tanker explosion

FRSC, Lagos Sector Command urges motorists to report breakdown vehicles to appreciate agancy

1
LEKKI DEEP SEA PORT: LASG, STAKEHOLDERS MEET, MAP OUT PLANS TO AVERT GRIDLOCK  ALONG LEKKI-EPE AXIS

LEKKI DEEP SEA PORT: LASG, STAKEHOLDERS MEET, MAP OUT PLANS TO AVERT GRIDLOCK ALONG LEKKI-EPE AXIS

1
Lagos Commercial Drivers set for protest, strike action

Lagos Commercial Drivers set for protest, strike action

1
NIMASA Inaugurates Staff Joint Consultative Forum

NIMASA Inaugurates Staff Joint Consultative Forum

0
TRAFFIC ALERT: SEE TRAVEL ADVISORY AHEAD OF ACCESS BANK LAGOS CITY MARATHON

TRAFFIC ALERT: SEE TRAVEL ADVISORY AHEAD OF ACCESS BANK LAGOS CITY MARATHON

February 3, 2023
LAGOS SENSITISES VEHICLE INSPECTION OFFICERS ON CREATIVITY, INNOVATION

INCESSANT TRUCK ACCIDENTS: LASG WARNS TRUCK DRIVERS, OWNERS AGAINST RECKLESSNESS

February 1, 2023
Ojuelegba: COMTUA Pledges Synergy with Authorities to Curb Truck Crash

Ojuelegba: COMTUA Pledges Synergy with Authorities to Curb Truck Crash

January 30, 2023
Nine die, one injured as container falls on bus at Ojuelegba Bridge

Nine die, one injured as container falls on bus at Ojuelegba Bridge

January 29, 2023

Recent News

TRAFFIC ALERT: SEE TRAVEL ADVISORY AHEAD OF ACCESS BANK LAGOS CITY MARATHON

TRAFFIC ALERT: SEE TRAVEL ADVISORY AHEAD OF ACCESS BANK LAGOS CITY MARATHON

February 3, 2023
LAGOS SENSITISES VEHICLE INSPECTION OFFICERS ON CREATIVITY, INNOVATION

INCESSANT TRUCK ACCIDENTS: LASG WARNS TRUCK DRIVERS, OWNERS AGAINST RECKLESSNESS

February 1, 2023
Ojuelegba: COMTUA Pledges Synergy with Authorities to Curb Truck Crash

Ojuelegba: COMTUA Pledges Synergy with Authorities to Curb Truck Crash

January 30, 2023
Nine die, one injured as container falls on bus at Ojuelegba Bridge

Nine die, one injured as container falls on bus at Ojuelegba Bridge

January 29, 2023
Transportation Plus Nigeria

Transportation Plus Magazine is an industry based publication, focusing on the transportation and allied sector.

Transportation Plus Magazine is a platform that you can use to showcase your products and services related to the transportation and allied sector.

Follow Us

Recent News

TRAFFIC ALERT: SEE TRAVEL ADVISORY AHEAD OF ACCESS BANK LAGOS CITY MARATHON

TRAFFIC ALERT: SEE TRAVEL ADVISORY AHEAD OF ACCESS BANK LAGOS CITY MARATHON

February 3, 2023
LAGOS SENSITISES VEHICLE INSPECTION OFFICERS ON CREATIVITY, INNOVATION

INCESSANT TRUCK ACCIDENTS: LASG WARNS TRUCK DRIVERS, OWNERS AGAINST RECKLESSNESS

February 1, 2023
Ojuelegba: COMTUA Pledges Synergy with Authorities to Curb Truck Crash

Ojuelegba: COMTUA Pledges Synergy with Authorities to Curb Truck Crash

January 30, 2023

Category

  • News
  • Automotive
  • Maritime
  • Railway
  • Haulage and Logistics
  • Aviation
  • Road
  • Magazine
  • About
  • Advertise
  • Contact US

© 2022 Transportationplusng All rights reserved. Designed by Nascreatives.

No Result
View All Result
  • News
  • Automotive
  • Maritime
  • Railway
  • Haulage and Logistics
  • Aviation
  • Road
  • Magazine

© 2022 Transportationplusng All rights reserved. Designed by Nascreatives.