Oil marketers have expressed concern over the delay in announcing the price of Premium Motor Spirit (PMS) from the Dangote Petroleum Refinery. The current landing cost of imported petrol is around N1,120 per liter.…..For More READ THE FULL ARTICLE HERE ▶▶
Thank you for reading this post, don't forget to subscribe!Marketers fear that if Dangote’s price is high, they may resort to importing petrol themselves, as the Nigerian market is now open to competition.
Discussions are ongoing between independent marketers and foreign partners to determine if importing petrol would be more cost-effective than purchasing from Dangote.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) highlighted the importance of competition to ensure availability and price moderation in the market.
While the NNPC has indicated it won’t purchase Dangote’s petrol unless it is cheaper than international market prices, Dangote Group officials have assured the public of their commitment to providing affordable, high-quality fuel for Nigeria.
They emphasized that Dangote would prioritize national interests, even if the NNPC refuses to collaborate.…..For More READ THE FULL ARTICLE HERE ▶▶
