The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has warned that its members may stop patronizing Dangote Refinery following its decision to sell petroleum products exclusively in dollars.
PETROAN’s National President, Billy Gillis-Harry, disclosed this in an interview on Thursday, reacting to the refinery’s recent policy shift.
He stated that Nigeria’s downstream petroleum market is prepared for any uncertainties, emphasizing that if Dangote Refinery’s pricing is not competitive due to the suspension of Naira transactions, marketers will turn to alternatives such as the Nigerian National Petroleum Company Limited (NNPC) or imported fuel.
“The market is preparing for any surprises. If Dangote’s price template is not favorable, we will explore other options,” Gillis-Harry said. “NNPC remains a key alternative. We are also considering other refineries upgrading to 25,000 metric tonnes per day, such as the Azikel Refinery in Bayelsa. Importation is also on the table.”
It was earlier reported that Dangote Refinery suspended the sale of petroleum products in Naira on Wednesday. The move follows stalled negotiations with NNPC over the continuation of the Naira-for-crude deal, raising fresh concerns over a potential petrol price hike in the downstream sector.
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