NMDPRA fuel import licences responsible for Nigeria’s petrol import rise — Dangote Refinery
Dangote Refinery has blamed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, for the rise in Nigeria’s fuel imports despite the plant’s capacity to meet domestic demand. Dangote Refinery made its position known in a statement on Wednesday. NMDPRA, in its July Fact Sheet, said fuel imports into Nigeria had risen by 9 percent to […] NMDPRA fuel import licences…
Dangote Refinery has criticized the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for contributing to the increase in fuel imports in Nigeria, despite the refinery's capacity to satisfy domestic demand. According to NMDPRA's July Fact Sheet, fuel imports rose by 9% to 19.7 million litres per day, while Dangote Refinery's domestic supply dropped by 21% to 25.8 million litres per day.
The refinery, which holds the largest share of the domestic fuel supply market at 56.7%, has expressed concern that the continued issuance of import licences despite its ability to meet local demand could distort the country's petrol downstream sector. Dangote Refinery has warned of redirecting its focus to exporting petrol products if the regulator continues to issue petrol import licences.
Brief written by urgent.news from Daily Post Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
