Friday, December 21, 2012

Nigeria now import diesel and gas from Niger Republic

Kano Controller, Department of Petroleum Product (DPR), Alhaji Sayyadi Suleiman Abubakar has revealed that Nigerian Marketers now import AGO and Liquefied Petroleum Gas(LPG) from neighboring OPEC member country, Niger Republic.

Briefing reporters in his office on the activities of his department, Alhaji Sayyadi Suleiman Abubakar explained that the two products are in the exclusive list of deregulated items, adding that “it could be acquired from anywhere and sold in the Nigerian market.

Alhaji Abubakar said that such importation does not attract any financial commitment from the federal Government, maintaining that the DPR does not regulate their market prices unlike the price of Premium Motor Spirit (PMS).

The Controller who responded to a question on whether the Department has the power to regulate prices said, “yes, Nigeria now imports AGO, that is Diesel, and LPG, otherwise known as Gas from Niger Republic, and  I want to state clearly that this venture does not attract any financial commitment from the federal Government”.

Alhaji Abubakar further revealed that the Department has sealed no fewer than 10 service stations and destroyed two illegal fuel dumps within and around Kano, in the last couple of weeks, for selling products above the official pump price stated that the “affected companies were appropriately sanctioned.”

Source: Vanguard

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