IPMAN says the price of petrol will determine if it will buy from the NNPC or Dangote Petroleum Refinery.
The Independent Petroleum Marketers Association of Nigeria says the price of petrol will determine if it will buy from the Nigerian National Petroleum Company Limited or Dangote Petroleum Refinery.
Chinedu said the NNPC’s recent clarification that it is not the sole off-taker of Dangote products gives dealers the freedom to get their products from any cheaper source. “I believe that we are going to analyse the price of Dangote petrol and see the advantages of buying from Dangote viz-a-viz importation. Whichever we feel is cheaper will automatically attract everybody, especially if importation is cheaper.”He stressed that competition would help prevent price monopoly, with the market determining local prices for refined petroleum products.
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