The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed frustration over the lack of transparency concerning the pricing of Premium Motor Spirit (PMS) from Dangote Refinery. PETROAN raised concerns that this lack of clarity is causing uncertainty among stakeholders in the petroleum sector, particularly as many had anticipated that the commencement of fuel sales from Dangote Refinery would help lower the escalating fuel prices in Nigeria. However, this relief has yet to be seen.
Currently, the Nigerian National Petroleum Company Limited (NNPCL) continues to serve as the middleman, purchasing petrol from Dangote Refinery and distributing it to other retailers. During a segment on Channels Television’s *The Morning Brief*, PETROAN President Billy Gillis-Harris emphasized the need for improved communication between Dangote Refinery and retail outlet owners. He stated, “As I speak to you this morning, I don’t know what the Dangote price is all about. At this point in Dangote’s campaign into Nigeria, retail outlet owners like us should be able to know how much Dangote is willing to sell to us, but that information has been kept shrouded in secrecy.”
This ongoing lack of price transparency is raising concerns about how the refinery’s operations will impact fuel prices and the overall distribution network. PETROAN is calling for Dangote Refinery to provide clear and direct communication with retailers to ensure smoother operations and pricing consistency.
“NNPC came out and gave us a price template, that also did not tell us what is the exact price input from Dangote. So, we would encourage Dangote to open up space of communication, talk with all the stakeholders, get valuable inputs from everybody because it is a business that involves Nigerians, retail outlet owners like us, marketers and different consumers.
“So, there should be some level of business transparency even if it is a private business which we are so proud of that we have such facility operating in Nigeria, but we need to start to see the works.”
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