The management of Dangote Refinery is preparing to hold discussions with officials from the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) on direct petrol supply arrangements, marking a significant move to streamline distribution channels.
This announcement follows a recent agreement between the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Dangote Refinery, which allows IPMAN to purchase petrol directly from the refinery, bypassing intermediaries.
On Tuesday, PETROAN’s Publicity Secretary, Joseph Obele, revealed that Dangote Refinery had contacted PETROAN President Dr. Billy Harry, proposing a business meeting in the near future.
Obele noted that Dr. Harry has assembled a seven-member delegation, with Obele as the head, to represent PETROAN at the meeting.
“The Head of Commercial at Dangote Refinery has reached out to our National President, Dr. Billy Harry, about an upcoming strategic business meeting,” Obele confirmed.
“PETROAN’s goal in this meeting is to ensure consumers have access to affordable, high-quality products while we adhere to regulatory standards and industry best practices,” he emphasized.
Obele expressed optimism, saying the meeting would yield “mutual benefits, a win for the public, Dangote Refinery, and petroleum retail outlet owners.”
In a separate statement on Tuesday, PETROAN’s National Headquarters commended Dangote Refinery’s management for establishing a direct sales arrangement for Premium Motor Spirit (PMS) with IPMAN, eliminating intermediaries previously managed by the Nigerian National Petroleum Company Limited (NNPC).
PETROAN also pointed to indications that PMS prices might decline soon.
“Factors contributing to this include recent discussions between Dangote Refinery and key industry stakeholders, as well as reductions in the landing costs of PMS in Nigeria, driven by global market adjustments and an improved supply chain,” the statement read.
PETROAN further highlighted the importance of strategic discussions in the sensitive oil and gas sector, noting that such engagements are critical for maintaining operational efficiency and sector stability.
“We commend Dangote Refinery for recognizing the value of stakeholder engagement, and we remain hopeful that the ultimate beneficiaries of these efforts will be the general public,” PETROAN concluded.
It is also notable that PETROAN recently disclosed an agreement with international traders to import petrol, offering prices reportedly lower than those provided by both Dangote Refinery and the NNPC.
