ABUJA: Nigeria has issued permits allowing 1.5 million mt in gasoline imports in the second quarter, slashing Q1 permitted volumes in half after private companies demanded the lower allocations due to rising import costs and a government subsidy dispute, marketers and the Petroleum Products Pricing Regulatory Agency said.
The PPPRA issued permits for around 3 million mt of gasoline in Q1, which the agency said at the time was to cover for the nearly absent output from domestic refineries.
“For the second quarter, all major marketers reduced their request for allocation because even they have stagnated on meeting Q1 allocations,” said Femi Lawore, spokesman for the Major Oil Marketers Association of Nigeria, an umbrella group for the main fuel marketing companies in Nigeria.
