Minister of State for Petroleum Ibe Kachikwu, said on Tuesday in Abuja, that the refineries in the country could not meet local demand of petrol even if they functioned at optimal capacity,Vanguard reports.
Kachikwu while briefing the Senate Committee on Petroleum (Upstream) on the lingering scarcity of petrol said that the refineries if repaired, could not even meet up to 50 per cent demand. He said that the design of the refineries had already created gaps in refining Premium Motor Spirit (PMS) even if the refineries were to function at full capacity.
The minister added that the ministry was striving to utilise other sources of refining petrol while also depending on the coming on board of private refineries like Dangote refinery. He said that the non-performance of the refineries was due to a number of factors, including fraud and lack of holistic maintenance. The minister said that due to the long period of non- maintenance, a lot of components were bad and as such after every major repair, another component went bad almost immediately.