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Fuel: ‘Marketers receive $3.075bn FX in 14 months’

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Based on a document obtained by Daily Trust, oil marketers collected a total of $3.075 billion from government to import fuel at the rate of N305 to a dollar between June 29, 2016 and August 21, 2017.

The document showed that the actual amount the marketers requested was $3.292bn, but they ended up getting a little less than that.

Similarly, the document indicated that the marketers also received the sum of $150.753 million and $51.49m respectively within the same period to import Automotive Gas Oil (AGO) and Aviation Turbine Kerosene (ATK).

Daily Trust, January 6, 2018

 

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