Tuesday, 8 September 2015

FG APPROVES NEW PETROL IMPORT PERMITS

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The Federal Government has issued supplementary import permits to oil marketers for the importation of petrol, due to the poor output from the country’s refineries.
It was learnt on Monday that the permits were given to marketers last Thursday by the government, which asked them to bring in the product to supplement domestic production.

Officials of the Federal Ministry of Petroleum Resources and the Petroleum Products Pricing Regulatory Agency, said that the marketers would import over 400,000 metric tonnes of premium motor spirit, otherwise known as petrol, to augment local production.

It was also learnt that the volume of import was this high, because the country’s refineries were still not producing at optimum capacities.

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