NMDPRA fuel import licences responsible for Nigeria’s petrol import rise — Dangote Refinery

Dangote Refinery has blamed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, for the emergence successful Nigeria’s substance imports contempt the plant’s capableness to conscionable home demand.

Dangote Refinery made its presumption known successful a connection on Wednesday.

NMDPRA, successful its July Fact Sheet, said substance imports into Nigeria had risen by 9 percent to 19.7 cardinal litres per day, portion Dangote Refinery’s home proviso dropped by 21 percent to 25.8 cardinal litres per day.

NMDPRA information showed that Dangote Refinery maintained the largest stock of the home substance proviso market, astatine 56.7 percent, portion imports accounted for 43.3 percent.

Reacting, Dangote Refinery stressed that the inclination is inimical to the country’s program to determination distant from substance importation towards section production.

According to the refinery, the continued issuance of import licences contempt its capableness to conscionable home request would make cardinal distortions successful the country’s petrol downstream sector.

The refinery warned that it could redirect its absorption to exporting petrol products if the regulator continues to contented petrol import licences.

“As a liable vigor provider, we person ever endeavoured to support capable reserves to fulfill section request astatine all...