The Federal Government has suspended the issuance of petrol import licences for a second consecutive month as local refining capacity increasingly meets domestic demand.
The development follows data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), showing that most petrol supplied in Nigeria in February came from local refineries.
The move signals the government’s push to enforce provisions of the Petroleum Industry Act (PIA), which allow imports only when domestic refining capacity falls short.
The decision is also seen as a boost for local refiners, particularly Dangote Refinery, which had previously challenged petrol import licences issued by the regulator.
#copied
The development follows data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), showing that most petrol supplied in Nigeria in February came from local refineries.
The move signals the government’s push to enforce provisions of the Petroleum Industry Act (PIA), which allow imports only when domestic refining capacity falls short.
The decision is also seen as a boost for local refiners, particularly Dangote Refinery, which had previously challenged petrol import licences issued by the regulator.
#copied
