The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has expressed regret over the failure of Dangote Refinery to disclose the exact price of Premium Motor Spirit (PMS).

This lack of transparency has raised concerns among stakeholders in the petroleum sector.

Despite initial expectations that the commencement of petrol sales by Dangote Refinery would help alleviate the rising cost of fuel in Nigeria, the anticipated benefits have not materialized.

Since the indigenous refinery began operations, the Nigerian National Petroleum Company Limited (NNPCL) has continued to act as the intermediary, purchasing petrol from Dangote and selling it to other retailers.

In a recent appearance on Channels Television’s breakfast program, The Morning Brief, PETROAN President, Billy Gillis-Harris emphasized the need for improved communication between Dangote Refinery and the retail sector.

Gillis-Harris said, “As I speak to you this morning I don’t know what the Dangote price is all about. At this point in Dangote’s campaign into Nigeria, retail outlet owners like us should be able to know this is how much Dangote is willing to sell to us and we have kept that shrouded in secrecy up until now.

“NNPC came out and gave us a price template, that also did not tell us what is the exact price input from Dangote. So, we would encourage Dangote to open up space of communication, talk with all the stakeholders, get valuable inputs from everybody because it is a business that involves Nigerians, retail outlet owners like us, marketers and different consumers.

“So, there should be some level of business transparency even if it is a private business which we are so proud of that we have such facility operating in Nigeria, but we need to start to see the works.”