Cloud of returning to the days of petrol scarcity is gathering has Dangote Petroleum Refinery has decided to start shipping a large portion of its products abroad.
Recall that the refinery has stopped loading both for its trucks and external ones since about five days ago.
The company is incensed by the federal government ‘s continued award of fuel import licences to marketers.
The refinery also accused the government of failure to supply them of its own quota of crude oil allocation under the Federal Government’s naira-for-crude initiative, prompting its announcement to sell fuel in dollars to local marketers.
Citing an unnamed member of the company management team, Punchng reports that it has concluded arrangement to commence exporting a larger percentage of its products in exchange for foreign exchange.
“Since the traders have brought lots of imported products to the market, we are focusing on exports. We can’t, and we shouldn’t be fighting against the government’s policies,” it quoted the source as saying.
Referencing the person further: “Is issuing massive import licences and releasing forex for imports good for the country, when 45 per cent of our production can meet 100 per cent of the entire country’s requirements in terms of petrol, diesel and aviation fuel?”
