The Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) has ruled out the possibility of sale of Premium Motor Spirits (PMS), also known as petrol in dollars.
National President of PETROAN, Billis Gillis-Harry, told Daily Sun in an interview that PETROAN is not part of those calling for such a business decision.
He added that the Nigerian economy is not run in dollars but in naira. “PETROAN is not part of we are concerned, we can never be part of such conversations,” he said.
He explained that the Dangote refinery being located in an export processing zone gives him some level of flexibility in pricing and currency.
“As retail outlet owners, we have never sat anywhere and discussed selling petrol in dollars,’ he said.
Following the decision of the Dangote Petroleum Refinery to end the sale of petroleum products in naira and sell in the dollar as a result of likely breakdown in talks over the first phase of the naira-for-crude policy for Dangote and other local refineries by the Federal Government, the Independent Petroleum Marketers Association of Nigeria(IPMAN) had threatened to retail petrol in dollars
