PETROAN, Dangote refinery partner to ensure availability of petrol during yuletide

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says it has partnered with Dangote Petroleum Refinery to ensure the availability of premium motor spirit (PMS), also known as petrol, during the festive season.

In a statement on Friday by Joseph Obele, PETROAN’s national public relations officer, the association announced the outcome of a business meeting held at the Dangote refinery complex in Lagos earlier this week.

“PETROAN National President commended the Vice President of Dangote Group & Managing Director of Dangote Refinery, Mr. Devakumar V. G. Edwin, for his cooperation and strategies deployed so far to make petroleum products available to all Nigerians throughout the end-of-year festivities and beyond,” the association said.

“We reserved the right not to make public the business terms and conditions, even as we express optimism that the greatest beneficiaries in all shall be the general public as it concerns product availability and affordability.”

According to the statement, the partnership includes a seller-buyer arrangement with the Dangote refinery, monthly volume reservations for PETROAN, favourable payment terms, and competitive pricing.

“The National Headquarters of Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) Abuja has expressed confidence that the measures put in place by the association following the commencement of production at the Port Harcourt refinery and fruitful deliberations with the management of Dangote Refinery will definitely avert fuel supply shortages during and after the festive season,” the statement reads.

“We caution against panic buying as it is unsafe and dangerous to stock petroleum products at home.”

According to PETROAN, stakeholders in the downstream sector must support the efforts of the Nigerian National Petroleum Company (NNPC) Retail Ltd and Dangote refinery to sustain a steady supply of petroleum products nationwide.

The association assured Nigerians of its preparedness to ensure zero scarcity of petroleum products during the upcoming festive season, adding that its retail outlets operators in all states have been placed on green alert for service.