JUST IN: PETROAN warns of monopoly over Dangote refinery’s nationwide fuel distribution plan

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…