Documents obtained by the press show that from October 1 to November 11, the NNPC and its partners imported 1.5 million metric tones (2billion ltrs) of PMS, 414,018.764 metric tons of diesel, and 13,500 metric tons of jet fuel. This worths about N3tn or $1.8bn.
As dealers intensified the importation of fuel, domestic refiners opposed the development and called on the government to halt the issuance of import licenses to marketers.
However, oil marketers insisted that the downstream petroleum sector had been deregulated, and as such, dealers were free to source products from wherever they found them cheaper.
They also stated that the costs of refined products had started reducing due to the deregulation of the sector, though some petrol users countered this claim.
Peoplesmind
