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Native Consortium and Research Center has urged President Bio to help create a new breed of oil Marketers in the Sierra Leone Oil Industry in a Press Release.
The consortium calls for new players in the industry comes against the backdrop of a 1 week alleged artificial scarcity and pressure on ordinary citizens.
The Consortium also has serious concern over the more than one week queues and the lackluster approach from the Petroleum Regulatory Authority (PRA) to address this crisis.
The Consortium further maintain that there is no need for any price hike because the two major drivers like global price is going down, and the exchange rate is relatively stable. However, we appreciate and wish the PRA will maintain the no price hike stance.
The consortium states in the Press Release “The reason stated by the PRA for the queues are inexcusable and a misplaced damage control. Even the new born baby knows that this is the usual tactics created by the very Importers to suffocate consumers and subdue Government for a price hike. This pattern had become a cyclical pattern which is as old as Noah and the ark. The PRA is warning notorious hoarders when the notorious hoarders are the very importers named in their Press Release dated today. These Importers or Oil Marketing Companies (OMCs) regulate the Dealers like father and son. They give the dealers instructions to close their stations and create the hoarding of fuel. So, I wonder why PRA is making a threat to hoarders as if Hoarders are hidden on planet Jupiter.
The way out is H.E. President Bio should seek to cure the sickness and not the symptoms of the illness. That is the only way to put an end to this monthly cycle of man-made scarcity which will come back in the first half of 2024.
We urge President Bio’s Government to help create a new breed of oil marketers or else this cadre of oil marketers will bring the government to a grinding halt,”
