{"id":342112,"date":"2026-03-12T09:18:09","date_gmt":"2026-03-12T09:18:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/342112\/"},"modified":"2026-03-12T09:18:09","modified_gmt":"2026-03-12T09:18:09","slug":"fg-suspends-petrol-import-licenses","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/342112\/","title":{"rendered":"FG Suspends Petrol Import Licenses"},"content":{"rendered":"<p>                <img decoding=\"async\" class=\"aiir-c-news-figure__image\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/03\/69b2785aa9b17.jpg\" alt=\"\"\/><\/p>\n<p class=\"aiir-c-news-article__abstract\">\n            The Federal Government has suspended the issuance of petrol import licences for a second consecutive month as local refining capacity increasingly meets domestic demand.\n        <\/p>\n<p>Officials say the move is part of efforts to enforce provisions of the Petroleum Industry Act, which allow petrol imports only when domestic refining capacity cannot meet national consumption.<\/p>\n<p>The policy signals growing confidence in Nigeria\u2019s refining output as authorities move to prioritise locally refined petroleum products.<\/p>\n<p>It also reflects the government\u2019s broader plan to reduce dependence on fuel imports and strengthen the country\u2019s domestic energy sector.<\/p>\n<p>Industry stakeholders say the decision could help support local refineries and encourage further investment in Nigeria\u2019s refining capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"The Federal Government has suspended the issuance of petrol import licences for a second consecutive month as local&hellip;\n","protected":false},"author":2,"featured_media":342113,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,17089,2158,113,1128,61,60,44796,44795,112],"class_list":["post-342112","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-conversation","tag-current-affairs","tag-economy","tag-football","tag-ie","tag-ireland","tag-lets-talk","tag-nigeria-info-fm","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/342112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=342112"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/342112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/342113"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=342112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=342112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=342112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}