The Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has assured the public that its members will not suspend operations despite an ongoing dispute with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) over outstanding bridging claims.

Speaking after an emergency national executive meeting in Abuja on Tuesday, PETROAN’s National Public Relations Officer, Dr Joseph Obele, stressed that the association would pursue dialogue rather than resort to industrial action.

“While we acknowledge the frustration and concerns of our members regarding the unpaid bridging claims amounting to ₦100 billion, PETROAN firmly believes that a shutdown would have dire consequences,” Obele stated. “These consequences include fuel shortages, economic disruption, and undue hardship for Nigerians.”

He reiterated PETROAN’s commitment to resolving the matter through negotiations, urging all parties to engage in constructive discussions and good-faith dialogue to find an amicable solution.

“A great deal can be achieved when parties work together to identify mutually beneficial solutions, build trust, and foster stronger relationships,” he added. “By avoiding costly and disruptive shutdowns, we can help maintain the stability and growth of the downstream petroleum sector.”

Obele also commended President Bola Tinubu for his ongoing efforts to reform the petroleum sector, promoting transparency, accountability, and economic development. He urged all stakeholders to support these reforms rather than undermine them.

Furthermore, he called on the relevant authorities to facilitate the prompt payment of the outstanding bridging claims, noting that this would alleviate financial strain on members and ensure the seamless operation of the sector.

He also praised PETROAN’s National President, Dr Billy Gillis-Harry, for his leadership in fostering industry stability through dialogue, cooperation, and innovative solutions.