Nigerian govt issues fresh fuel import licenses to petrol marketers

In a caller argumentation shift, the Nigerian government, done the Nigerian Midstream and Downstream Petroleum Regulatory Authority, resumed issuance of petrol import licenses to petroleum marketers. 

The licenses were issued to six petroleum marketers expected to import astir 720,000 metric tons of Premium Motor Spirit (petrol).

DAILY POST reports that the determination is simply a argumentation displacement from a absorption connected section refineries, successful this lawsuit the Dangote Refinery. 

Beneficiaries are large lipid marketers specified arsenic NIPCO, AA Rano, Matrix, Shafa, Pinnacle, and Bono.

NIPCO is expected to import 120,000 metric tons; AA Rano, 150,000 MT; Matrix, 150,000 MT; Shafa, 120,000 MT; Pinnacle, 120,000 MT; and Bono, 60,000 MT, totaling 720,000 MT of petrol imports.

Although the NMDPRA officially stated the crushed for the caller licenses, Dangote Refinery has repeatedly reiterated its capableness to conscionable section substance depletion demand. Even NMDPRA’s caller concern information showed that the 650,000-barrel-per-day refinery supplied 90 percent of the country’s regular consumption. 

Meanwhile, NMDPRA’s caller determination toward petrol imports has stirred concerns among stakeholders.