What a Shame: It’s cheaper to import petrol than refine locally — Kachikwu, Minister of State for Petroleum


The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that at the moment, importing Premium Motor Spirit, PMS, also known as petrol, is cheaper than producing the product in the country’s refineries.



He made the above statement why addressing the newsmen in Abuja. He added that until the upgrade and total refurbishment of the refineries are concluded, as well as ensuring that the pipelines are fixed, it would be uneconomic and very expensive to refine PMS locally.

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What a Shame: It’s cheaper to import petrol than refine locally — Kachikwu, Minister of State for Petroleum What a Shame: It’s cheaper to import petrol than refine locally — Kachikwu, Minister of State for Petroleum Reviewed by The Amour Circle on 19:58:00 Rating: 5
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