FG approves third quarter fuel import allocation‬‪

The Minister of Petroleum Resources, Mrs. Diezani Allison-Madueke, has approved the third quarter fuel import allocation to allow oil marketers bring in the petroleum products into Nigeria.

A statement issued by the spokesperson, Petroleum Products Pricing Regulatory Agency, Mr. Lanre Oladele, said the approval was in line with the Federal Government's plans in the downstream oil and gas sector to sustain petroleum products availability at PPPRA-regulated price.‪

The statement said the decision was to show to all Nigerians that the Federal Government was committed to its promise of ensuring sustained products availability across the country, and at government approved-price.‪

The PPPRA said apart from facilitating an improved national PMS supply situation and stock buildup, which is now put at 35-days sufficiency (Land - 19 and Marine - 16), the latest directive by the minister was also to enable marketers make adequate preparations towards products sourcing and importation.‪