PMS: Improved Local Refining Cuts Importation By 68% To 119m Litres

Importation of Premium Motor Spirit (PMS) has further plunged by 68 per cent from 312,612 tonnes (312.6 million litres) to 119,000 tonnes (119 million litres), following moves by local refiners to produce N1.32 trillion worth of fuel in January. It was gathered that importers were finding it difficult to secure enough foreign exchange in the…