Petroleum marketers are apprehensive about the impending arrival of petrol from Dangote Petrochemical Refinery, expected to hit the local market in two to three weeks.
Concerns surround the potential high price of the product, attributed to the refinery’s reliance on imported crude oil from the United States and other countries.
Hammed Fashola, National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), highlighted the challenges posed by the refusal of international oil companies (IOCs) to supply crude oil to Dangote Refinery. This has led to the refinery seeking alternative sources abroad, increasing production costs.
Fashola urged the Federal Government to assist Dangote in securing local crude oil supply, ensuring fuel availability and affordability. He cautioned Dangote against monopolizing the market and advocated for reasonable pricing. The IPMAN leader emphasized the need for a harmonious relationship between Dangote Refinery and local marketers to benefit the Nigerian public.
