The Federal government of Nigeria has issued licenses to some independent oil companies to supply petroleum products totally 720 metric tons.
In a press released on Friday by the ministry of petroleum resources, the marketers are NIPCO, AA Rano, Matrix, Shafa, Pinnacle, and Bono. The development comes amid claims by the NMDPRA that the Dangote Petroleum Refinery now supplies over 90 per cent of Nigeria’s daily petrol consumption.
Findings showed that NIPCO is expected to import 120,000 metric tonnes; AA Rano, 150,000MT; Matrix, 150,000MT; Shafa, 120,000MT; Pinnacle, 120,000MT; and Bono, 60,000MT, amounting to 720,000MT.
The development might be unconnected with the recent high demand for Petroleum products amidst shortage in supply due to economic crisis generated by wars between the world powers.
