PETROAN and Dangote Refinery have finalized a deal to ensure a reduction in petrol prices across Nigeria.
This agreement follows a strategic meeting between PETROAN’s leadership and Dangote Refinery on December 2, 2024.
The deal guarantees a steady supply of petrol, reducing price fluctuations and addressing fuel scarcity concerns. Joseph Obele, spokesperson for PETROAN, confirmed the successful negotiation, emphasizing its potential for nationwide price reduction. The deal aims to prevent fuel scarcity, especially during the busy festive season. PETROAN assured Nigerians that all retail outlets would be on “green alert” for service.
PETROAN’s National President, Bill Gillis-Harry, praised Dangote Refinery for its efforts to stabilize the petrol supply across Nigeria.
The agreement follows a similar one Dangote Refinery signed with IPMAN, marking another milestone in fuel availability. The strategic business meeting also addressed payment modalities, monthly volumes, and favorable pricing for all involved parties.
The deal is expected to provide more affordable fuel and increase accessibility nationwide, benefiting the public. Nigerians have been warned against panic buying, as stockpiling petrol is dangerous and unnecessary. PETROAN reassured citizens that fuel scarcity concerns were completely unfounded, especially during the holiday season.
