The Federal Government has issued licenses to import refine petroleum products to 29 marketers in a bid to end the fuel scarcity witnessed across the country.
The third quarter approval for import allocations to 29marketers signaled a significant reduction in the number of marketers previous issued with such allocations.
Previously, 43 marketers were given import allocation but the significant reduction may be seen as a way of blocking leakages in oil andgas sector as promised by President Muhammadu Buhari.The 29 marketers include the Nigerian National Petroleum Corporation (NNPC) which in the last couple of months struggled to sustain supply.
It was gathered that the approval was given by President Muhammadu Buhari to the Petroleum Products Pricing Regulatory Agency (PPPRA) to allow NNPC and other oil marketers to import fuel into the country this quarter.
