Dangote refinery has installed production capacity of 650,000 barrels per day. This is double the total output of Nigeria’s existing refining infrastructure.
The Minister of State Petroleum Resources, Timipre Sylva, says the desire to surmount the challenges bedevilling the oil and gas sector led to enacting the PIA.
The agency said daily truck-out of premium motor spirit stands at 66.89 million litres.
Indigenous crude oil refiners have appealed to the CBN to give them an “intervention fund.”
NMDPRA says it disbursed a total of N103 billion bridging claims to oil marketers between December 2021 and August 2022.
The three-day warning strike commenced on Monday is to protest the non-payment of members’ outstanding haulage claims.
“If there are increases in price, it is not from the government,” Mr Sylva asserted.
“Today we have 1.9 billion litres of PMS. Lagos is cleared in a couple of days. We will clear the queues in Abuja.”
Petrol stations in Ikeja, Ejigbo, Iyana-Ipaja and Oshodi areas of Lagos, were observed on Monday to be selling petrol at between N170 to N180 per litre.
IPMAN has urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority to mandate private depot owners to sell petroleum products at approved government prices.
