Several oil marketers are holding meetings over the proposed
scheme by Dangote Petroleum Refinery to begin the nationwide distribution of
diesel and premium motor spirit (PMS), also known as petrol.
On June 15, Dangote refinery said it would commence
distribution of fuel, including compressed natural gas (CNG), from August 15.
When contacted on Monday by TheCable, several oil marketers’
associations said they were meeting to take appropriate steps regarding the
development.
A source at the Depot and Petroleum Products Marketers
Association of Nigeria (DAPPMAN) told TheCable that in the wake of the
announcement by the Dangote refinery, the association’s members are “in
Marathon meetings right now”.
Also speaking to TheCable, Billy Gillis-Harry, president of
the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN),
said the association has been having meetings since Dangote refinery announced
its plans to begin nationwide fuel distribution.
“We will be having another press conference later today,” he
said.
“It’s now that my other sister associations are waking up to
realise that this is a big danger that is going to be part of the entire
industry.”
Earlier today, PETROAN said the Dangote refinery’s forward
integration adoption could lead to a monopoly in disguise.
Further speaking on the potential impact of the move by the
refinery, Gillis-Harry said “it’ll wipe out businesses” in the downstream
sector.
A source at the Independent Petroleum Marketers Association
of Nigeria (IPMAN) also confirmed that the association was in a meeting over
the announcement by Dangote refinery.
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