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Nigeria To Import Petrol Beyond 2016 -Kachukwu
The Minister of State for Petroleum, Ibe Kachikwu, yesterday, said Nigeria will continue to import fuel beyond 2016.
Speaking at a press conference with journalists shortly after a tour of the Kaduna Refining and Petrochemicals Company, the Minister said “the future is that, Nigeria is still going to import fuel in 2016 and beyond.
“Until we begin to get individuals who can co-relocate, we are going to be doing a mixture of local and importation of fuel to meet up demands.
“Best case situation is 25% local and 75% importation. Worse case is what we are experiencing now.
“In the next few weeks, however, queues will disappear in fuel stations,” he stated.
The Minister said Kaduna Refinery will soon attain 2 million litres per day capacity as soon as an FCC unit is fully on stream.
“We need to get it back to re-kit it to work well. We will do that with some level of production going on,” said Mr. Kachikwu.
“Our concern is to have a consistent production and provision of products at all times.”
On subsidy and pricing, Mr. Kachikwu said “we will not be fluctuating prices, we will take an average. Today no subsidy, in January we will look at the situation and announce it.”
On privatization, he said “President Muhammadu Buhari has not approved any policy about selling the refineries.”
Meanwhile, marketers caught diverting petroleum products in Kano State will henceforth pay a fine of N150 per litre of the diverted product.
Alhaji Rabiu Bako, the Chairman of the Task Force on Distribution of Petroleum Products in the state, said this during a news conference yesterday in Kano.
Bako said the measure was to check the continued fuel shortages being experienced in the state.
Bako, who is also the Commissioner for Commerce in the state, said marketers had not heeded earlier warnings to desist from sharp practices.
“The decision followed series of warnings by the Task Force to oil marketers in the state to desist from sharp practices and illegal increases in the pump price of Premium Motor Spirit,” he said.
He said any marketer found diverting petroleum products would be so sanctioned and also risk forfeiting such products.
Bako said the warning was necessary in order to ensure that all products reached their designated filling stations across the state.
The chairman said the Task Force had confiscated eight drums and 50 Jerry cans of PMS and fined the petrol station involved N4.2 million since its inauguration.
The committee urged members of the public to be vigilant and report any suspicious character to the Task Force or law enforcement agencies nearest to them.
Our correspondent recalls that Governor Abdullahi Ganduje had last week inaugurated the 17-member task force as part of efforts to address the lingering fuel scarcity in the state.
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