November 5 , 2024. By Mary Ozohu.
Petroleum marketers have said Nigerians’ hope of getting cheaper Premium Motor Spirit (Petrol) has been dashed as the twenty billion dollar -worth Dangote refinery was not built to sell less expensive petrol, with the company’s recent price template announcement.
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, President, Billy Gillis-Harry, and the National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this in an interview with newsmen today.
This is also as Major Energies Marketers Association of Nigeria disclosed that the landing cost of imported petrol as of October 31, 2024, was N978/litre, coinciding with Dangote Petrol price template announced on Sunday.
Reacting, Gillis-Harry said the ex-depot price differentials between Dangote Petrol at nine hundred and ninety naira per litre and that of Nigerian National Petroleum Company, which stood at one thousand and twenty five naira per litre, were not significant to discourage importation.
