PPPRA grants oil marketers permit for petrol importation

The Petroleum Products Pricing Regulatory Agency, PPPRA, has granted permits to oil marketers to join the Nigerian National Petroleum Corporation, NNPC, in the importation of petrol.

General Manager, Corporate Services, PPPRA, Kimchi Apollo, disclosed this, saying the fresh move has broken NNPC’s right as sole importer of the petroleum product, as the state-owned firm had singlehandedly handled importation for more than two years.

“Well, as far as I am concerned, many of them (marketers) have gone to import because they took QMs from us to bring in products and I am sure they are doing that already.

“The QM is just like a pass to go and bring in products. You come to us to say you want to bring in products and then we say go ahead based on the pass that we give,” he said during an interview session.

Apollo added, “So, some marketers came and they got the go-ahead permit to bring in products. So, they will be bringing in products.”

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Source: SweetCrudeReports

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