NNPC imports 90% of petrol consumed in Nigeria – DAPPMA

The Depot and Petroleum Products Marketers Association (DAPPMA) has said that the Nigerian National Petroleum Corporation (NNPC) is now the largest importer of petrol into the country, accounting for 90 percent of the entire importation, ThisDay reports.

DAPPMA also said that the corporation was not just importing the largest chunk of petrol consumed in the country, but equally distributing same to ensure hitch-free products’ supply across the country. According to the Chairman of DAPPMA, Mr. Dapo Abiodun, during a courtesy call on the Group Managing Director of NNPC, Dr. Maikanti Baru, the corporation’s market influence became very obvious during the end of year holiday season when it allegedly made sure petrol was supplied in abundance.

He also said that DAPPMA was concerned that despite the huge investments of its members in the downstream, they were not able to contribute much to the efficiency of the system as certain operational exigencies have forced them to perform below capacity. Speaking during the visit, Baru said NNPC was aware of the challenges being encountered in the sub-sector, and he was hopeful that the appropriate government agencies would see to their challenges.