Private oil marketers have now joined the Nigerian National Petroleum Corporation in the importation of petrol.
It was gathered from the Petroleum Products Pricing Regulatory Agency on Tuesday in Abuja that permits had been given to several marketers to start importing petrol alongside the NNPC.
He said, “Well, as far as I am concerned, many of them have gone to import because they took QMs from us to bring in products and I am sure they are doing that already. He explained that the market had been liberalised, with both the NNPC and other marketers now shopping for refined petroleum products from international refiners.
Apollo also noted that the agency had been working with the Central Bank of Nigeria to make foreign exchange available to marketers for petrol imports. When asked if the PPPRA had allowed marketers to determine the price of PMS based on the competitive market situation currently in place, Apollo replied no.
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