Imported fuel not cheaper, unless you stole crude oil from Nigeria – Kalu Aja

Imported fuel not cheaper, unless you stole crude oil from Nigeria – Kalu Aja …C0NTINUE READING HERE >>>

Kalu Aja, a financial analyst and educator, has dismissed the claim by some oil marketers suggesting it is cheaper to import Premium Motor Spirit, PMS, from abroad to Nigeria than source from a local refinery.

Aja said the claim might be the case if only the persons stole the crude oil from Nigeria and are now importing PMS back to the country to launder the theft.

“I say again. There is no way you can import PMS back to Nigeria at a price lower than a local refinery…

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