PENGASSAN has given reasons oil marketers can not buy petrol directly from the Dangote Petroleum Refinery.
The Petroleum and Natural Gas Senior Staff Association of Nigeria has given reasons oil marketers can not buy premium motor spirit , also known as petrol, directly from the Dangote Petroleum Refinery.
“What that means is that NNPC buys it at a cost, but they would go back and put some level of subsidy in it.He said the national oil company is not preventing other marketers from lifting the product from the refinery. He said this means that petrol sold by NNPC to other marketers would be cheaper and that from TotalEnergies, much more expensive.“That is why they are staying away. It is not that NNPC wants to be monopolistic,” he said.Speaking further, Osifo advised the federal government to increase its stake in the Dangote refinery to at least 45 percent.Speaking on the situation, Osifo highlighted the importance of the federal government reconsidering its decision to reduce its stake in the refinery.
“When operational, petroleum products will be stored there and only made available when there is a shortage in supply,” he said.
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