A Review of the Nigerian Energy Industry

PPPRA issues supplementary import permit for 400,000mt of petrol

05 September 2015, Abuja – The Petroleum Products Pricing Regulatory Agency (PPPRA) has issued permits for additional importation of over 400,000 metric tons of premium motor spirit or petrol, under the third quarter import program, THISDAY on Friday gathered.

Oil-tanker-cargo-ship-360x240Sources in the agency confirmed this development to the paper in Abuja and informed that the beneficiary marketers had begun to receive their letters from PPPRA.
It was also learnt that the decision for the additional allocation came after it came to light that output from the four refineries operated by the Nigerian National Petroleum Corporation (NNPC) could not yet meet the national demand.
“The third quarter supplementary allocation for importation of petrol was issued to marketers yesterday,” the PPPRA source said, adding that he could not confirm the volume.
“The permits, which are only for the month of September and for importation, were issued to marketers who performed creditably and demonstrated capacity so far,” the source explained.
The development was also confirmed by the Major Oil Marketers Association of Nigeria (MOMAN) whose members are largely beneficiaries of the supplementary permit.
The PPPRA source attributed the proactive initiatives put in place at ensuring products availability across the nation, to the support and direction of the new government.
He however noted that the agency on its part, was committed to prompt processing of documents for all imported products duly brought into the country.

– This Day
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