Oil marketers assert that local refining will lead to significant cost savings of at least N70 per liter on petrol when the refineries are fully operational. The National Controller Operations of the Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, emphasized the benefits of the government investing in functional refineries. He mentioned that though contracts for revamping the refineries have been awarded, completing the repairs promptly would alleviate the stress and financial burden of importing fuel.
Osatuyi also highlighted other advantages of operational local refining, including reduced insurance costs, shorter product delivery time, and increased employment opportunities. By refining in the country, the need for expensive freight and ship-to-ship transfers would be eliminated, leading to substantial cost savings. Additionally, local refining would enable products to arrive within one day, eliminating the 30-day wait for imported products.
Furthermore, the increased local refining capacity would create more jobs for the masses, presenting numerous benefits. The former Chairman of the Major Oil Marketers Association of Nigeria and Chairman/Chief Executive of 11 Plc, Tunji Oyebanji, noted that marketers do not favor product importation over local production.
“We advocate for the functioning of local refineries as we do not prefer importing,” he expressed.
Nigeria heavily depends on petrol imports due to the absence of operational local refineries.
Following the removal of subsidies on May 29, petrol prices skyrocketed, surging from approximately N198/N200 per litre to N617 per litre.
As a consequence of the price hike, local consumption decreased by 30% from the previous daily volume of 66 million litres before the subsidies were removed.
During the House of Representatives Public Hearing on Tuesday, the National President of IPMAN, Chinedu Okonkwo, suggested adopting the global alternative clean energy concept of Compressed Natural Gas (CNG) as a solution to the challenges posed by the increased pump prices of petroleum products. He emphasized that CNG could be an efficient and cost-effective means to power homes, public, and private establishments compared to other energy sources.
buy norethindrone generic – order norethindrone online cheap purchase yasmin generic
buy progesterone 200mg generic – order clomid 100mg pills fertomid over the counter
how to get capecitabine without a prescription – capecitabine 500mg over the counter danazol 100 mg drug
zyban order online – order shuddha guggulu pill where to buy shuddha guggulu without a prescription
provigil order – phenergan cheap order meloset 3mg generic
buy eurax no prescription – purchase eurax sale where can i buy aczone
buy cleocin no prescription – buy cleocin without a prescription indocin 50mg over the counter
buy cozaar 25mg without prescription – purchase losartan keflex 125mg tablet
Way cool! Some very valid points! I appreciate you penning
this article and the rest of the site is extremely good.
buy clavulanate without a prescription – order augmentin 625mg sale order synthroid 100mcg generic
purchase flagyl for sale – buy metronidazole 400mg pills order cenforce 50mg pill
betnovate 20 gm drug – buy cheap generic monobenzone how to buy monobenzone
order acticin online cheap – order generic benzoyl peroxide buy tretinoin tablets
buy deltasone generic – order omnacortil generic elimite online buy
brand isotretinoin 10mg – isotretinoin 20mg over the counter deltasone 10mg usa
purchase artane generic – buy trihexyphenidyl online buy cheap emulgel
buy cefdinir 300mg for sale – buy cleocin without prescription
buy mobic sale – purchase rizatriptan online toradol buy online
order cyproheptadine 4mg pill – brand zanaflex tizanidine 2mg cheap
purchase diclofenac generic – order imdur 40mg generic nimotop brand
buy generic ozobax for sale – buy feldene online piroxicam 20mg uk
order pyridostigmine 60mg online cheap – buy cheap generic pyridostigmine buy cheap generic imuran
buy cambia tablets – purchase diclofenac without prescription aspirin uk
mebeverine us – order colospa 135mg sale buy pletal generic
probenecid 500mg drug – tegretol 200mg cheap carbamazepine price
besifloxacin over the counter – order sildamax generic order sildamax without prescription
gabapentin 600mg sale – neurontin 100mg cost order azulfidine sale
lasuna pill – buy lasuna cheap order himcolin pills
I like what you guys tend to be up too. Such clever work and
coverage! Keep up the good works guys I’ve included you guys to our blogroll.
Here is my website the genius wave reviews
Have you eѵer considered writing an ebook or guest authorіng on other sites?
Ӏ havge a blօg based on the same іnformatiin you discᥙsѕ and would love to have you sһare some stories/information. I knoiw mmy viewers woul enjoy
yоuyr work. If yyou are eνen remotely interested, feel frеe
to send me an email.
Here is my page; DAFTAR PERCAYA4D