Mr Debo Olujimi, Chief Executive Officer, Emadeb Services Ltd., says the company will begin the importation of Petroleum Motor Spirit, known as petrol, into the country in July.
Olujimi confirmed the development on Sunday in Lagos.
He said that Emadeb was among the three energy companies licenced by the Federal Government to import petroleum products into the country.
According to reports, President Bola Tinubu granted licences to Eterna Plc, Emadeb Energy Services Ltd., and Asharami Energy to import petrol into the country starting in July.
The three oil companies were given permission to import petrol by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.
The companies are the first among the six oil firms licenced to import petrol by July.
Prior to the subsidy removal, the Nigerian National Petroleum Company Limited served as the country’s last-resort supplier, ensuring a steady distribution of petroleum products.
Following the withdrawal of the petrol subsidy, the company said it is no longer the sole supplier of petrol in the country.
On June 15, the Chief Executive Officer of NMDPRA, Mr Farouk Ahmed, said that three oil marketers will start importing petroleum products in July.
Ahmed said that the oil marketers reached an agreement to enhance cooperation with security agencies with the aim of facilitating the seamless supply and distribution of petroleum products.
He said, “Already, three oil marketers will, from July this year, start importing petroleum products into the country.
“There are six companies who said they want to import fuel in July.
“Of course, all the others may import in December, in November, or anytime but those who expressed interest to bring in fuel in July, there were six of them as of this morning,” the NMDPRA CEO elaborated.
