Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have expressed displeasure over the minimum cap of one billion litres of automotive gas oil (AGO) fuel at Dangote Refinery.
Dr Billy Harry, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria said that the threshold is too expensive for the majority of marketers to afford as banks are no longer helping matters.
Harry said the retail outlet owners cannot afford more than the minimum cap of one million litre of diesel.
“The only condition that has been a little difficult is that Dangote has a low threshold of buying one million litres. One million litres of diesel at N1,200 or N1,100 is over N1 billion,” he said.
He said that ports, barges, and other logistics for transporting the product from the refinery to the depots are already set up.
Get instant and latest news updates via Our WhatsApp Community or Google News online channel.