As the Nigerian National Petroleum Company (NNPC) Limited begins to scale down its position as sole importer of premium motor spirit (PMS) importation in the country, oil marketers would soon begin to import petrol to close the supply gap.
In line with this, the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday engaged with oil marketers on the requirements for fuel importation, and to iron out other issues relating to the removal of petrol subsidy.
The NMDPRA chief executive, Farouk Ahmed who briefed journalists shortly after a meeting with oil marketers said the authority is fast-tracking the process of issuing licences to oil marketers to enable them import petrol in the country.
According to him, two or three oil marketers have already booked cargoes of petroleum products to come into the country from July this year.
