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FG denies indebted oil marketers import license
  • Post by Admin on sunday, March 05, 2015

The Minister of State for Petroleum Resources, Ibe Kachikwu, has directed the Petroleum Products Pricing Regulatory Agency (PPPRA) and the Nigerian National Petroleum Corporation (NNPC) to deny import license and loading of petroleum products to oil marketing companies indebted to government agencies.

The minister in a three paragraph letter to the PPPRA, specifically asked the agency to withhold import license of marketers indebted to the Petroleum Equalization Fund (Management) Board (PEF) in respect of N6.20 per litre bridging allowance due to the fund.

He, also in a copy of the letter to the NNPC, ordered the corporation to stop such debtor marketers from loading petroleum products at any of its depots across the country until they clear their financial obligations to the PEF.

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