Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed concerns that Dangote Refinery’s plan to distribute fuel nationwide could lead to a monopoly in the industry.
Gatekeepers News reports that Dangote’s move, according to PETROAN, might also result in significant job losses in Nigeria.
The Dangote Refinery had announced on June 15 that it would begin distributing diesel and premium motor spirit (PMS) across the country on August 15.
PETROAN’s national public relations officer, Joseph Obele, stated that the association is worried about the potential implications of this development on the industry and the Nigerian economy.
