Petrol importation

Why Nigeria will continue to import petrol — Investigation

Why Nigeria will continue to import petrol — Investigation

Despite efforts to expand domestic capacity, there were indications, yesterday, that Nigeria would continue to import Premium Motor Spirit, PMS, also known as petrol, in the short and medium term because of the government deregulation policy, the inability of modular refineries to refine petrol, lack of funds and foreign exchange issues, and the long period of time needed to construct new refineries.