The Major Oil Marketers Association of Nigeria (MOMAN) on Tuesday guaranteed Nigerians that pump cost of Premium Motor Spirit (PMS), generally called petrol, will drop soon.
The Executive Secretary of the affiliation, Mr Obafemi Olawore expressed this while tending to newsmen in Lagos.
As indicated by Olawore, notwithstanding non accessibility of outside trade at authority conversion scale of N197 to $1, significant advertisers are depending on their upstream divisions to inspire dollars to back their imports.
"I'm guaranteeing Nigerians that pump cost of petrol will soon drop as against cases that it will transcend the present band.
"Cost won't go up the length of the Nigerian National Petroleum Corporation (NNPC) is acquiring items.
"In spite of the fact that, we are required to hotspot for dollars at the parallel market yet the uplifting news is that we are getting dollars from our upstream divisions.
"Shell underpins Conoil, Agip to bolster Oando, ExxonMobil bolsters Mobil Oil Nigeria, Total backings Total Nigeria, MRS and Forte get support from NNPC," he said.
The official secretary, be that as it may, said that further that full deregulation was the response to the difficulties fuel shortage in Nigeria.
"The answer for fuel shortage is full deregulation.
"In the event that there is no arrangement inversion, advertisers will acquire items.
"The circumstance will urge us to acquire more speculation. We have put resources into meters quickly to guarantee sufficient metering.
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