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The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has announced a significant partnership with Dangote Refinery and Petrochemicals to prevent petrol shortages during the yuletide season and beyond.
On Monday, December 2, 2024, PETROAN’s National President, Dr. Billy Gillis-Harry, led a delegation to a strategic business meeting with the Dangote Refinery management at their Lagos complex.
The successful negotiations culminated in a deal aimed at ensuring the steady supply of Premium Motor Spirit (PMS) across the country.
In a statement issued on Friday in Abuja by PETROAN’s National Public Relations Officer, Dr. Joseph Obele, the association praised the Vice President of Dangote Group and Managing Director of Dangote Refinery, Mr. Devakumar V.G. Edwin, for his cooperation and strategic approach to making petroleum products accessible throughout the festive season.
The statement highlighted the details of the agreement, noting that while specific terms and conditions would remain confidential, the general public would benefit from increased product availability and affordability.
On the terms of that agreement, the statement 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.”
PETROAN expressed optimism that the measures, coupled with production from the Port Harcourt Refinery and collaboration with Dangote Refinery, would effectively avert fuel shortages.
The association’s distribution technical committee has been actively implementing strategies to ensure seamless fuel supply during the festive season.
Nigerians were urged to avoid panic buying and unsafe practices, such as storing petroleum products at home.
PETROAN also called on stakeholders in the downstream sector to support the efforts of NNPC Retail Ltd and Dangote Refinery in sustaining consistent fuel supply.
The statement partly read: “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.
“This was due to the efforts of PETROAN distribution technical committee incharge of planning and execution of zero-fuel scarcity strategy. We are happy that Nigerians are going to travel effortlessly during this period of the year.
“PETROAN dismisses any form of fuel scarcity concerns, caution against panic buying as it is unsafe and dangerous to stock Petroleum products at home.
“PETROAN also call on stakeholders in the downstream sector to support the Management of NNPC Retail Ltd and Dangote Refinery to sustain petroleum products 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.”
