MEMAN: No Conflict with Transport Unions, Focus on Fair Rates and Fuel Affordability

The Major Energies Marketers Association of Nigeria (MEMAN) issued a statement today clarifying their position regarding the ongoing strike by transport unions NARTO and PTD. They emphasized:

1. No Conflict Exists: MEMAN denies any conflict with the transport unions, stating individual marketers are negotiating fair rates directly with their transporters.

2. Commitment to Regulations: Negotiations adhere to the Petroleum Industry Act and FCCPC Act, which prohibit collective rate setting.

3. Deregulation Benefits Everyone: Pump price deregulation encourages healthy competition, promoting cost-reduction for better customer value.

4. Gradual Process & Collaboration: They acknowledge the need for time for market stabilization and urge all stakeholders to collaborate for an optimized and affordable supply chain.

5. Recognition of Industry Complexities: MEMAN recognizes industry challenges and remains committed to sustainable solutions through cooperation with relevant stakeholders.

In essence, MEMAN aims to assure the public that they are not involved in the transport strike and are actively working towards fair rates and affordable fuel within the regulatory framework of the deregulated market.