The management of Dangote Refinery is set to meet with officials from the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) to discuss direct petrol supply arrangements. This development follows the Independent Petroleum Marketers Association of Nigeria’s (IPMAN) announcement of a direct petrol purchase agreement with Dangote Refinery, bypassing intermediaries.
According to PETROAN Publicity Secretary Joseph Obele, Dangote Refinery has sent an email to PETROAN President Dr. Billy Harry, proposing a business meeting. Dr. Harry will lead a seven-member team to represent PETROAN.
Obele emphasized that PETROAN’s primary objective is to ensure affordable, high-quality products for consumers while adhering to regulatory standards and industry best practices. He expressed optimism that the meeting will be mutually beneficial.
PETROAN commended Dangote Refinery’s management for establishing a direct sales agreement with IPMAN, removing intermediaries. PETROAN noted indicators suggesting potential decreases in PMS prices due to discussions with key stakeholders and reduced landing costs.
PETROAN highlighted the importance of strategic discussions in maintaining operational efficiency and sector harmony. “We commend Dangote Refinery for recognizing stakeholder engagement’s importance, and we are optimistic that the primary beneficiaries will be the general public.”
Recently, PETROAN reported reaching an agreement with international traders to import petrol at prices lower than those from Dangote Refinery and NNPC.
Key Points:
- Dangote Refinery to meet with PETROAN on direct petrol supply
- IPMAN announces direct petrol purchase agreement with Dangote Refinery
- PETROAN seeks affordable, high-quality products for consumers
- Potential decrease in PMS prices due to reduced landing costs
- PETROAN commends Dangote Refinery’s stakeholder engagement
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