- Based on the fact that the output of the country’s refineries is still poor, the Federal Government has issued supplementary import permit to oil marketers for the importation of petrol into Nigeria.
- It was learnt that the permit for petrol was given to marketers on Thursday by the government asking them to import in order to supplement domestic production.
- According to sources from the Federal Ministry of Petroleum Resources and the Petroleum Products Pricing Regulatory Agency, the marketers would import over 400,000 metric tons of premium motor spirit, otherwise known as petrol, to augment local production.
- Moreover, the volume of import was this high because the country’s refineries were still not producing at optimum capacity.
According to a petroleum ministry official who pleaded anonymity, “The output from our refineries cannot meet national demand and that is why the government had to issue permits to marketers to make supplementary importation of petrol. Some marketers have started receiving the permit and they started getting it since yesterday (Thursday).
You know some of our refineries are performing poorly and this has its effect on the volume of locally refined petroleum products. So the permit is needed to keep the country wet with products for a given period of time.”
- On Thursday, The Group Managing Director Of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, issued a 90-day ultimatum to the management of Warri Refining and Petrochemicals Company to commence full production at the facility.
- We gathered that the refinery has the capacity to process 125,000 barrels of crude oil per day.