Petrol Imports Surge 207% in One Month, CPPE Says

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Petrol Imports Surge 207% in One Month, CPPE Says

LAGOS — Petrol imports rose from 5.9 million litres a day in May to 18.1 million in June and 19.7 million in July, when they made up 43.3 per cent of supply, according to a policy brief by the Centre for the Promotion of Private Enterprise. Supply from domestic refineries fell to 25.8 million litres a day in July. CPPE Chief Executive Muda Yusuf urged the NMDPRA to issue import permits only to fill verified supply gaps and to publish monthly data on permits and landings.

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