A forensic examination of the import and supply of Premium Motor Spirit has been welcomed by the Nigerian National Petroleum Company Limited.
The Group General Manager, Garba Deen Muhammad, said NNPC import 22. 35bn litres of petrol in 2021; which translated to an average supply of 61 million litres per day.
But in a statement, NNPC Ltd said: “We will continue to deliver on our mandate. We invite any forensic audit of the PMS supply and subsidy management framework of the NNPC.”
Oil Marketing Companies stopped importing gasoline in 2017 due to rising crude oil prices and PMS supply costs beyond NMDPRA cap the oil company; which has been the only importer and supplier of gasoline since 2017, became the supplier of last resort.