Dangote threatens to export petrol as imports rise
The Dangote Petroleum Refinery has threatened to export excess petrol stocks as rising imports create uncertainty around domestic demand and make inventory planning increasingly difficult. The refinery said imported Premium Motor Spirit (petrol) accounted for approximately 43 per cent of fuel supplied into the Nigerian market in July, despite its capacity to meet and exceed Read More:…
Dangote Petroleum Refinery has threatened to export excess petrol stocks due to rising imports creating uncertainty around domestic demand, making inventory planning increasingly difficult. The refinery stated that imported Premium Motor Spirit (petrol) accounted for approximately 43% of fuel supplied into the Nigerian market in July, despite its capacity to meet and exceed domestic demand.
The refinery emphasized that the continued issuance of petroleum product import licences had created uncertainty in demand planning and inventory management, forcing it to reconsider how much petrol it should keep in stock for the domestic market.
Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
