President of the Petroleum Products Retail Outlet Owners Association of Nigeria, Billy Gillis-Harry, has provided clarification on the reason it does not support a continuous reduction in prices of Premium Motor Spirit (PMS), also known as petrol, by the Dangote Refinery. The clarification comes after the President of the Dangote Group, Alhaji Aliko Dangote, slashed…
Oil marketers under the aegis of the Petroleum Products Retail Outlet Owners Association of Nigeria have condemned the constant reduction of fuel prices, saying marketers are still counting losses. Despite deregulation, PETROAN said there is a need for a regulation that will make it mandatory that prices can only be changed after six months. In…
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says petrol prices will crash down following the revival of the Port Harcourt and Warri refineries by the Federal Government. In a statement on Saturday, PETROAN National Public Relations Officer, Dr. Joseph Obele, said contrary to previous doubts the refineries are “now fully operational, with…