Oil marketers at the weekend struck a deal with the $20 billion Dangote refinery for the supply of at least 28 million litres of petrol daily in the next six months for domestic consumption.
The development came amid an announcement by the refinery that it had cut ex-depot petrol price from N990 per litre to N970 per litre, saying it is its own way of thanking Nigerians for their support.
A stakeholders’ meeting at the weekend in Abuja resolved that oil marketers will henceforth cease importation of products. It stressed that if they must bring in new stock, it would be dependent on the unavailability of products from Dangote refinery.
Confirming the new agreement in a statement in Abuja, petrol retailers under the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), said the deal was expected to bring succour to Nigerians.
A release by the organisation’s spokesman, Joseph Obele, said other stakeholders that signed the deal included Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian National Petroleum Company Limited (NNPC), and Edo Refinery.
