Association pledges daily supply of 40 trucks of PMS to FCT

By Matthew Eloyi

The Ijegun-Egba Tankfarm Owners and Operators’ Association has agreed to provide 40 trucks of Premium Motor Spirit (PMS), also known as gasoline, to the Federal Capital Territory (FCT) per day.

The program would start on Monday and continue throughout the week and beyond.

The group also said that its members had 106 million litres of PMS in stock, which they had promised to pack and truck as needed.

These were among the decisions made at an emergency meeting of the association’s owners/chief executive officers conducted on Sunday in Lagos.

Mr Adebowale Olujimi, the association’s chairman, and Eshiet E. Eshie, the association’s secretary, signed a communique at the end of the meeting.

The association resolved that: “in line with our transparent posture, we wish to put it on record that we collectively have approximately 106 Million litres in stock and will load and truck same accordingly.

“That all Tankfarms within the Ijegun-Egba axis are committed to load and supply 40 trucks of PMS per day to Abuja, FCT to address and augment energy supply and energy security in Federal Capital Territory.”

It also resolved that: “The Owners/CEOs, having considered the energy situation in the country, committed themselves as credible businessmen and women to work assiduously with the Federal Government and their Agencies to ensure effective and efficient distribution of petroleum products in the nation.

“The Meeting commended the effort of the Government in addressing the energy situation in the country, especially in making PMS available despite the volatility of same globally.

“That in line with our collective corporate values, all members of Ijegun-Egba Tankfarm Owners will continue to maintain and ensure full compliance with government regulated and stipulated price of PMS, and as such no Tankfarm should sell or price PMS above the Government regulated price.

“Any Tankfarm within the Ijegun-Egba axis that defaults or fails or neglects to operate in full compliance with the regulated price should be sanctioned accordingly.

“To underscore transparency and our good faith in ensuring effective product distribution across the Nation, we are committed to work with and cooperate with all Government Agencies and Security Agencies regarding our members’ operational plans, loading plans and pricing.”

The association promised to avail the regulatory agencies with its members’ books for scrutiny whenever same is required.

It also stated that members are collectively expecting consignments in the next few days, and would load and truck to ensure energy stability and security.

It lauded government’s effort to address the volatility in product distribution and agreed that any Tankfarm that sabotages the government’s plans or policies by pricing above the government regulated price should be held responsible.

Members of the association in attendance include Alhaji Auwalu Abdullahi Rano – GMD, A.A.Rano Ltd; Engr Johnson Oboh Peters – GMD, Menj Oil Ltd; Chief Peter Chinedu – GMD, Chipet Oil Ltd; Dr Gabriel Ogbechie – GMD, Rainoil Ltd; Mrs Judith Ogbara – CEO, Stallionaire Ltd; Mr Olutayo Awogboro – MD, Aipec Oil Ltd; and, Princess Adedoyin – MD, First Royal Oil Ltd.