The Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Mr. Farouk Ahmed, at the weekend explained why the agency decided to allocate 78 per cent of the total volume of 3.1 million metric tons of petrol to be imported into the country in the first quarter of 2016 (Q1, 2016) to the Nigerian National Petroleum Corporation (NNPC).
Ahmed said in Abuja that because of the inability of some oil marketers to meet previous import allocation quotas that were issued to them, due to the difficulty in accessing the needed foreign exchange, the PPPRA opted to allocate a larger volume of the importation to the NNPC.
No comments:
Post a Comment