Fuel import increased by 114% in March despite local refining

Nigeria imported 182,235,909 litre of Petroleum Motor Spirit (PMS), popularly known as petroleum in March. According to documents the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) submitted to the Federal Account Allocation Committee (FAAC), this is an increase of 114% from the 85,097,124 litres imported in January. It would be recalled that NMDPRA had […]

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