Domestic crude refining to save 30% forex allocation on petroleum products – Kachikwu

Domestic crude refining to save 30% forex allocation on petroleum products – Kachikwu

Ibe Kachikwu, Minister of State for Petroleum Resources on Thursday assured that ongoing efforts to ensure 100 percent refining of crude oil will reduce the foreign exchange allocation by 30 percent. Kachikwu stated this while addressing Nnanna Igbokwe, chairman and members of the Adhoc Committee investigating the review of pump price of premium motor spirit…

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