Importation is not a crime. Monopoly should be discouraged – Oil marketers

Oil marketers under the auspices of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have called for a holistic market where Nigeria-based refiners, importers, depot owners and retail outlets are given a level playing field to operate. The oil marketers said they are more concerned about the availability and affordability of petroleum products in the country, whether through home refining or importation. Everybody should be allowed to play in the market. Even importation should not be a crime because it is not a crime, the PIA makes provision for that. But as patriotic Nigerians that we are, we encourage that let us pursue our internal market and grow our economy strong.  Gillis-Harry also said oil marketers dont have any fears that the Dangote Refinery and other independent refiners in the country are moving towards monopoly as earlier alleged last November. We are not afraid that Dangote or any other refinery is moving towards monopoly as earlier suspected or thought about, but we will continue to advise that let refiners refine, let depot owners keep soaring and let retail outlet owners keep retailing too. The whole value chain obligation is to meet Nigerians needs, he said.  The PETROAN boss said his members are loyal to all the refiners in the country including the Dangote Refinery and the Port Harcourt and Warri refineries managed by the Nigerian National Petroleum Company Limited.  Our members are lifting from every possible source. Our loyalty is to every possible source where we can get petroleum products. Primarily, we have a long-term relationship with the NNPCL, which is one company an agreement has been entered into with for so many years, and we will continue to benefit the values of those agreements with our bulk purchase agreement and the allocation of products.We also load from Dangote Refinery because that is a very credible source that we also lift petroleum products from. PETROAN has also entered into a business relationship the Dangote-MRS-PETROAN relationship. So everywhere there is product to be bought, once our members complete the processes, they start lifting products immediately.       The post Importation is not a crime. Monopoly should be discouraged – Oil marketers appeared first on Linda Ikeji Blog.