PPPRA issues fuel import permits for Q2

The Petroleum Products Pricing Regulatory Agency (PPPRA) said on Monday it had issued 42 marketers with permits to import a total of 4.8 billion litres of fuel in the second quarter this year.

This is the first open tender announcement (PPPRA) will be making since the removal and then reinstated of fuel subsidy in January after protests.

The local units of oil majors Exxon Mobil and Total as well as state-owned NNPC were among companies approved to sell fuel, the PPPRA said in a statement.