NNPCL Returns To Be Sole Importer Of Petrol

In a related development, Kyari has revealed the NNPCL is now the sole importer of petrol into the country, stating that foreign exchange issues have not allowed private companies to import petroleum products.

Kyari said this on Monday during the ongoing Energy Labour Summit organized by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja.

According to Kyari, the NNPCL has once again become the sole importer of petrol since private companies cannot access foreign currency due to shortage issues.

He said: “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.”