The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has finalised an agreement with the Dangote Petroleum Refinery to directly lift petroleum products for distribution to depots and retail outlets nationwide......Read The Full Article>>.....Read The Full Article>>
Dangote, marketers reach agreement
Joseph Obele, the National Public Relations Officer of PETROAN, confirmed the agreement in a statement, Punch reports.
Obele explained that the deal sealed with Dangote Refinery was the aftermath of a successful buyer-seller negotiation and agreement secured by PETROAN at the strategic meeting, according to the Nation reports.
The statement reads:
“The National President of PETROAN, Dr. Billy Gillis-Harry, on December 2, 2024, led our negotiation team to a fruitful strategic business meeting with the Dangote refinery management.”
He, however, did not disclose the details of the agreement but expressed confidence that the measures put in place by PETROAN will ensure fuel supply during the Yuletide.
The statement added:
“We reserve the right not to make public the business terms and conditions, even as we express optimism that the greatest beneficiaries in all shall be the general public as it concerns product availability and affordability.”
Meanwhile, Legit observed a slight change in fuel prices at filling stations.
At Ikotun, a fuel attendant, Jumoke Akinsanya, confirmed a N50 reduction in petrol pump price.
She said:
“As of last week, we sold one litre of fuel for N1,100, but the price was reduced to N1,050 per litre since Friday.”
The same adjustment was seen at other filling stations monitored.
Dangote’s petrol price
Legit earlier reported that the Dangote Refinery and Petrochemicals decided to reduce the price of its petrol product.
In a statement, the refinery revealed that marketers can now purchase its product at N970 per litre, down from the previous price of N990.
A Nigerian man used social media to express his gratitude to the management of the Dangote Refinery.
