Petrol marketers continue talk with Dangote, import 123m litres of petrol


Seaports situated along the nation’s borders received no around four vessels loaded with imported Premium Motor Spirit, popularly called petrol between Friday, October 18, and Sunday, October 20, according to report.

A document obtained from the Nigerian Port Authority on Sunday, stated that about 123.4 million litres of PMS were berthed at two seaports to improve fuel supply nationwide.

The latest development confirms an exclusive report by The PUNCH, which disclosed that oil dealers intend to import the commodity to supplement the supply from the $20bn Dangote Petroleum Refinery.

The dealers claimed that petrol supply from the Lekki-based plant has not been sufficient to meet domestic demand, as the plant was allegedly producing about 10 million litres of petrol daily, as against the 25 million litres that it earlier promised to produce.

In September, The PUNCH also reported that dealers imported about 141 million litres of PMS following a hike in the pump prices of petrol produced by the Dangote Petroleum Refinery and released by the Nigerian National Petroleum Company Limited.

They said the fair market price following the full deregulation of the downstream oil sector by the government allowed room for PMS imports.

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