The refinery at full capacity can meet 100 per cent of the Nigerian requirement for all refined products and have a surplus for export.
Mr Kyari explained that NNPCL was spending about N202 as subsidy on every litre of petrol consumed across the country.
Despite the FG’s rebuttal, Nigerians have continued to pay exorbitant prices for fuel.
The continued efforts by security agencies has led to the confiscation of 20.2 million litres of Automotive Gas Oil (AGO), diesel, says the federal government.
The increase indicates a 14.89 per cent increase when compared to the value recorded in August 2021 at N164.91
Nigerian export trade was mainly dominated by crude oil which amounted to N4.02 trillion (78.47 per cent) of total export in Q3.
