Oil marketers have announced the expected arrival of approximately 42.3 million litres of imported Premium Motor Spirit (PMS), also known as petrol, this week.
The move, the marketers said, will help address the country’s fuel needs and ease supply gap issues.
Punch reports that the marketers said they continue importation would continue until the domestic output is adequate to meet Nigerian’s needs,
The marketers, therefore, urged local refineries, including the Dangote Petroleum refinery, to increase production as the current level does not fully cover demand.
Punch quoted a major marketer as saying:
The reports also indicate that two major marketers are coordinating this joint import, while other distributors had previously imported supplies.
The marketers stressed that deregulation of the petroleum market allowed them to choose between imported fuel and locally produced petrol based on competitive pricing and availability.
The marketer added:
Earlier, TimesNow.com.ng reported that Filling stations owned by independent oil marketers have decided to adjust their petrol pump prices.
This development follows the full deregulation of the downstream sector of the petroleum industry.
NNPC filling stations nationwide have adjusted their prices and are now selling above N1,000 per litre.
Source: TimesNow.com.ng
