CPPE urges NMDPRA to tie petrol imports to verified supply gaps
The group said every avoidable litre of imported petroleum products creates demand for foreign exchange to cover product costs, freight, insurance and associated charges, adding that domestic refining, by contrast, could retain a larger share of the value generated from petroleum-product supply within Nigeria, even where some crude or specialised inputs are imported.
Mr Yusuf said a credible supply-gap assessment should disclose projected demand, verified domestic production and inventory, committed refinery deliveries, product specifications, logistics constraints and the precise residual volume requiring imports.
The group also argued that stronger domestic refining capacity would improve energy security by shortening supply chains and reducing Nigeria’s exposure to shipping disruptions, geopolitical conflicts, freight shocks, and international petroleum product shortages.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
