The Federal Government has issued permits allowing 1.5 million mt in petroleum 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.The Petroleum Products Pricing Regulatory Agency (PPPRA) issued permits for around 3 million mt of petrol in Q1, which the agency said at the time was to cover for the nearly absent output from domestic refineries.
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