The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) together with Dangote Refinery and Petrochemicals have partnered to ensure a steady supply of petrol during and after the festive season.
According to a statement in Abuja on Friday by PETROAN’s National Public Relations Officer, Dr. Joseph Obele, 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, sealed a strategic deal to avert fuel shortage across the country.
According to the association, the partnership included a seller-buyer arrangement with Dangote Refinery, monthly volume reservations for PETROAN, favorable payment terms, and competitive pricing.
“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,” the statement said.
“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,” it added.
PETROAN which dismissed concerns about fuel scarcity, urged 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 called 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.
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