Oil and Gas
Marketers opt for imported fuel, dumps Dangote Refinery
Following fuel price crisis between the Nigerian National Petroleum Company Limited, NNPCL and Dangote Refinery that occasioned the hike in PMS pump price, Oil Marketers are importing 141 million litres of fuel into the country.
This is even as Crude Oil Refiners Association of Nigeria has criticized the importation of fuel, stating that Dangote Refinery has enough fuel for local consumption.
In a statement on Thursday by the Publicity Secretary of CORAN, Eche Idoko, said, the association strongly condemned the move by the petroleum importers.
Oil Markets said, vessels are currently bringing fuel following the full deregulation of the oil sector by the Federal Government.
It is recalled that public outcry greeted the announcement of pump price of petroleum product which is believed to be on the high side.
According to the NNPCL, the price adjustments will see petrol sold between N950 to N1,019.22 per liter depending on the location, following the successful lifting NNPCL’s successful lifting of Petrol from Dangote Refinery on Sunday.