NNPCL back to being petrol sole importer – Kyari

In what can be regarded as official confirmation, the Group Chief Executive Officer of NNPC Limited Mele Kyari said the company is now the sole importer of petrol.

Kyari, who disclosed this at the ongoing Energy Labour Summit organized by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Monday in Abuja, said the present lack of access to foreign exchange was responsible for the situation.   

The NNPCL GCEO’s disclosure comes barely five months after he said with the removal of petrol subsidy; the company would no longer be the sole importer petrol.

According to him, foreign exchange issues were making it difficult for oil marketers to import petroleum products. 

“We are the only company importing petrol into the country. None of them can do it today. For them, access to foreign exchange is difficult. We create foreign exchange (FX), therefore we have access to FX, while their access to FX is limited,” he said.