The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused Dangote Refinery of attempting to dominate the oil and gas market by importing substandard petrol, describing it as a monopolistic strategy.
In a statement released on Monday and signed by its public relations officer, Dr. Joseph Obele, PETROAN emphasized the necessity of competition in a deregulated market.
The association argued that the President’s efforts to reform and transform the sector aim to create an inclusive market, contrary to the interests of those advocating for a monopolistic market structure.
they said the parameter was comparison with the international selling rate at the global market,” Dr. Obele explained.
A public affairs commentator, Dr. Tokunbo decried the back and forth by players in Nigeria’s mid and downstream oil sector noting that “the sector is big enough to accommodate all players.”
In a chat with Blueprint, economist, Adefolarin Olamilekan, noted that the accusations and counter accusations by stakeholders in the domestic oil and gas sector is disheartening.
According to Adefolarin, the whole drama is about greater control of the sector.
“Nevertheless, what Nigerians want is affordable, accessible and clean petrol for their daily use.
“Moreso, it comes to the point that oil marketers must refrain from their stand on importation of pms.
“On the other hand, Dangote Group must come out clear on the price of pms especially from the ex refinery price side,” he said.
The NNPC Ltd had backed out of being the sole off takers of petrol from Dangote Refinery, saying marketers were free to deal directly with the Refinery.
