Will the "change" era bring relief?
One polemic that has confronted companies engaged in the
marketing and distribution of PMS, AGO, DPK and aviation fuel
around VAT is whether or not VAT is/should be chargeable on these
petroleum products
Today's reality is that despite an installed capacity of
445,000 b/d, Nigeria is struggling to achieve adequate and stable
supply of refined products. The nation's refineries have not at
any time aggregately operated at full capacity and have over the
years fallen into a state of disrepair due to neglect, irregular
and/or shabby turn around maintenance regimen. Reliance has been
placed on importation to make up the short-falls in daily supply of
refined petroleum products domestically.
