PETROAN Sounds Alarm Over Dangote’s Fuel Market Dominance

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says the Dangote Refinery’s forward integration adoption could lead to a monopoly in disguise.

On June 15, Dangote refinery said it would begin the nationwide distribution of diesel and premium motor spirit (PMS), also known as petrol, on August 15.

In a statement on Monday, signed by Joseph Obele, PETROAN’s national public relations officer, the association said the development could also pose a significant job loss threat to Nigeria.

More to follow…