The Petroleum Products Retail Outlet Owners Association of Nigeria has partnered with Dangote Refinery and Petrochemicals to ensure an uninterrupted supply of Premium Motor Spirit during the festive season and beyond.
In a statement released by PETROAN’s National Public Relations Officer, Dr. Joseph Obele, on Friday in Abuja, the association announced the outcome of a business meeting held at the Dangote Refinery complex in Lagos earlier in the week.
The meeting, which was led by PETROAN’s National President, Dr. Billy Gillis-Harry, resulted in a strategic deal aimed at averting fuel shortages across Nigeria.
The statement read, “PETROAN National President commended the Vice President of Dangote Group & Managing Director of Dangote Refinery, Mr. Devakumar V. G. Edwin, for his cooperation and strategies deployed so far to make petroleum products available to all Nigerians throughout the end-of-year festivities and beyond.
“We reserved the right not to make public the business terms and conditions, even as we express optimism that the greatest beneficiaries in all shall be the general public as it concerns product availability and affordability.”
The association disclosed that the partnership includes a seller-buyer arrangement with Dangote Refinery, monthly volume reservations for PETROAN, favorable payment terms, and competitive pricing.
Obele further emphasized PETROAN’s commitment to ensuring zero fuel scarcity during the yuletide period, highlighting the collaborative efforts of the association’s technical committee.
“The National Headquarters of Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) Abuja has expressed confidence that the measures put in place by the association following the commencement of production at the Port Harcourt refinery and fruitful deliberations with the management of Dangote Refinery will definitely avert fuel supply shortages during and after the festive season,” the statement added.
PETROAN also dismissed concerns about fuel scarcity, urging Nigerians to avoid panic buying. “We caution against panic buying as it is unsafe and dangerous to stock petroleum products at home,” the association warned.
The statement concluded by calling on stakeholders in the downstream sector to support the efforts of the Nigerian National Petroleum Corporation Retail Ltd and Dangote Refinery to sustain a steady supply of petroleum products nationwide.
“We hereby reassure Nigerians of PETROAN’s preparedness to ensure zero-scarcity of petroleum products during the upcoming festive season and beyond as all our retail outlets operators in all the states in Nigeria have been placed on green alert for service,” it stated.
