The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) yesterday maintained that its members can sell petrol cheaper than the price that the Dangote refinery is currently offering oil marketers in Nigeria.
Dangote had on Sunday, among other associations, accused PETROAN of planning to make Nigeria a dumping ground for substandard products, stressing that any organisation that imports fuels lower than it is currently selling was selling low-quality products.
But in a statement by the National Public Relations Officer of the organisation, Joseph Obele, the petrol retailers said that they have already successfully incorporated a strategic business unit for that purpose.
Citing patriotism following the pricing instability and turbulences in the downstream sector, it said the agenda of President Bola Tinubu for the oil sector remains inimical to advocates and beneficiaries of a monopolistic market.
PETROAN argued that it has never compared the price of Dangote petrol with any other, based on the fact that Dangote’s price wasn’t known until its press release on Sunday.
