Nigeria’s petroleum marketers are optimistic that they will sell Premium Motor Spirit (PMS) at a cheaper price than the Nigerian National Petroleum Company Limited (NNPCL) once the Dangote Refinery begins direct sales to them.
Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), stated that bypassing NNPCL’s additional fees would allow for more competitive pricing.
“We are still waiting on Dangote Refinery on the direct sale of its petrol to our members and the price template.
“Our petrol price will be cheaper than that of NNPC Retail price if Dangote Refinery sells petrol to us,” he said.
“Because we are buying from the same source, the fee NNPC puts on top before selling to marketers will be cut off.
“We are not government workers, we don’t earn salaries, our profits emerge from turnovers.
“We are hoping we have a meeting with Dangote Refinery Tomorrow (Tuesday) or soon,” he concluded.
The Federal Government has recently cleared marketers to buy directly from Dangote Refinery as part of its Naira-for-crude initiative, breaking NNPCL’s monopoly.
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