Oil marketers say the resumption of petrol and diesel import licences by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is aimed at closing supply gaps and preventing fuel scarcity.
They explained that the move is designed to make up for shortfalls as local refineries are currently unable to meet Nigeria’s total domestic petroleum needs.
According to the marketers, the decision is not targeted at frustrating the Dangote Petroleum Refinery but rather reflects supply realities, especially as the refinery undergoes a major expansion that has affected its ability to fully meet local demand.
