The Petroleum Products Retail Outlet Owners Association of Nigeria has collaborated with Dangote Refinery and Petrochemicals to maintain a steady supply of Premium Motor Spirit throughout the festive season and beyond.
In a statement issued on Friday in Abuja by PETROAN’s National Public Relations Officer, Dr. Joseph Obele, the association highlighted the outcomes of a strategic business meeting held earlier in the week at the Dangote Refinery complex in Lagos.
The meeting, spearheaded by PETROAN’s National President, Dr. Billy Gillis-Harry, culminated in an agreement aimed at preventing fuel shortages nationwide.
According to the statement, “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.”
While the specific terms of the agreement were not disclosed, the association expressed confidence that the deal would benefit the public by ensuring product availability and affordability.
The partnership encompasses a seller-buyer framework, monthly product allocations to PETROAN, flexible payment terms, and competitive pricing.
Obele also underscored the association’s dedication to averting fuel shortages during the yuletide season, citing the efforts of PETROAN’s technical committee.
He added that the association is leveraging the commencement of production at the Port Harcourt refinery and the recent partnership with Dangote Refinery to address potential supply challenges.
“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 added.
In response to public concerns, PETROAN assured Nigerians that there is no cause for panic buying and advised against storing fuel at home due to safety risks.
“We caution against panic buying as it is unsafe and dangerous to stock petroleum products at home,” the association warned
The statement maintained that with a call for collaboration from all stakeholders in the downstream sector, urging support for the efforts of the Nigerian National Petroleum Corporation Retail Ltd and Dangote Refinery to maintain an uninterrupted fuel supply.
“We hereby reassure Nigerians of PETROAN’s preparedness to ensure zero-scarcity of petroleum products during the upcoming festive season and beyond as all our retail outlets operators in all the states in Nigeria have been placed on green alert for service,” it stated.
