Oil marketers for Nigeria don announce say dem go import petrol to fill the gap wey dey since Dangote Petroleum Refinery no dey produce enough petrol to meet the demand for the country.
According to reports, the volume of Premium Motor Spirit (PMS), or petrol, wey Dangote refinery dey produce no reach the amount wey Nigeria need. Because of this, marketers decide to import petrol to add to the supply from the $20 billion Lekki-based refinery.
On September 15, when the refinery start release PMS to domestic marketers, Nigerian National Petroleum Company Limited (NNPCL) announce say dem go load 16.8 million litres of petrol from Dangote refinery. But this figure no reach the 25 million litres wey the refinery promise to produce daily.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had earlier say that the refinery would supply 25 million litres of petrol daily from September and increase to 30 million litres from October. However, marketers claim say the refinery no dey meet this target.
Hammed Fashola, National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirm say the association go soon start import PMS. He mention say dem acquire two tank farms in Calabar and Lagos to prepare for this new development.
A Professor of Economics at the University of Ibadan, Adeola Adenikinju, talk say the discussion about whether marketers should import PMS should focus on the consumers. He stress say there must be room for competition to ensure efficiency and reduce prices for consumers.
