Oil marketers have confirmed that they will start lifting Premium Motor Spirit (petrol) from the Dangote Petroleum Refinery next week.
Initial Supply:
25 million litres daily supply anticipated.
Market Deregulation:
Minister of State for Petroleum Resources, Heineken Lokpobiri, declares downstream sector fully deregulated.
Price Speculation:
Marketers hint at N1,200/litre price range.
Imported Petrol:
Major marketers expect imports before month-end.
NNPC’s Denial:
NNPC spokesperson, Olufemi Soneye, denies loading petrol from Dangote refinery.
Dangote’s Confirmation:
Marketers sending trucks to load products from Sunday.
Independent Marketers:
IPMAN President, Abubakar Maigandi, confirms import plans and Dangote loading.
Price Uncertainty:
Discussions ongoing, no official price announced.
Industry Impact:
Deregulation and new supply channels expected to stimulate competition.
Timeline:
-
Next week: Marketers start loading petrol from Dangote refinery
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Within 10 days: Imported petrol arrives
Market Watch:
Nigerians await price stability amid deregulation.
