Forty Oil Marketing Companies (OMCs) owning tankers have terminated their relationship with the Tanker Owners Union, citing concerns over lack of accountability and transparency in the union's leadership.
They are also concerned about unresolved issues affecting OMCs' interests after several attempts and calls for union reform and better governance had failed.
The move to sever ties with the union could have dire implications including potential disruption in fuel distribution, increased costs for OMCs and consumers.
The forty OMCs are exploring alternative partnerships to ensure efficient fuel transportation, prioritising transparency and accountability.