Browsing Tag
Refining
2 posts
IPMAN raises alarm over surging import licences and potential fuel price hikes
IPMAN warns that an increase in petrol import licences is inflating fuel prices and straining the naira, urging the government to prioritize domestic refining to ensure stability.
Nigeria records 207% jump in petrol imports as local refining dips
New data from the NMDPRA reveals a sharp 207% increase in Nigeria's petrol imports during June 2026, driven by a decline in local refinery output and crude oil supply constraints.