Independent petroleum marketers have urged the Nigerian National Petroleum Corporation (NNPC) to liberalize the market, allowing direct access to Premium Motor Spirit (petrol) from the Dangote refinery.
Willing-Buyer, Willing-Seller Principle:
Marketers seek open market in line with NNPC’s earlier commitment.
NNPC’s Grip:
Corporation maintains control over petrol distribution.
Dangote Refinery Launch:
Initial 25 million litres per day supply to commence Sunday.
Price Uncertainty:
Marketers unaware of pricing template, matrix.
Concerns:
Creation of new domestic monopoly in oil and gas sector.
Quote:
“It should be open for all… We are also looking at how to build our logistics and come up with our price.” – Chinedu Ukadike, IPMAN National Publicity Secretary
Dangote Petrol Price:
N766/litre to NNPC.
Potential Pump Price Reduction:
Marketers estimate N790-N820/litre retail price.
Next Steps:
Industry stakeholders await market liberalization, transparent pricing.
