NMDPRA Approves 830,000 Tonnes of PMS Imports for Q4 2026
What happened
The Nigerian Midstream and Downstream Petroleum Regulatory Authority approved the importation of 830,000 metric tonnes of Premium Motor Spirit (PMS) for the fourth quarter of 2026, covering six major petroleum marketers. This approval comes amid increased domestic refining of petrol and expectations of higher demand during the end-of-year travel season.
From vanguardngr.com
Why it matters
The approval occurs while the Dangote Refinery supplies fuel to the domestic market, challenging the role of importers. The Independent Petroleum Marketers Association of Nigeria (IPMAN) stated that the import licenses should translate into stronger competition and lower pump prices for consumers.
The Dangote Refinery is supplying fuel to the domestic market, with its output challenging the role of importers, under the oversight of the Nigerian petroleum regulator.
From vanguardngr.com