In a recent motion of urgent public importance, the Nigerian House of Representatives has called on the federal government to intervene and allow independent petroleum marketers to lift Premium Motor Spirit (PMS) from the Dangote Refinery.
This follows concerns raised by Oboku Oforji, a representative from Bayelsa State, about the current monopoly where only the Nigerian National Petroleum Corporation Limited (NNPCL) and Major Marketers are granted access to the refinery’s products.
In a recent motion of urgent public importance, the Nigerian House of Representatives has called on the federal government to intervene and allow independent petroleum marketers to lift Premium Motor Spirit (PMS) from the Dangote Refinery.
This follows concerns raised by Oboku Oforji, a representative from Bayelsa State, about the current monopoly where only the Nigerian National Petroleum Corporation Limited (NNPCL) and Major Marketers are granted access to the refinery’s products.
Oforji argued that allowing Independent Petroleum Marketers alongside NNPCL and Major Marketers would foster competition, increase PMS availability, and reduce prices. He also criticized the monopoly, warning it could drive Independent Marketers to resort to fuel imports, aggravating PMS scarcity and its economic consequences.
The House also called for transparency, urging NNPCL to disclose the price at which it purchases PMS from Dangote Refinery and for the refinery to reveal its selling price to NNPCL. Additionally, they recommended Dangote Refinery expand its infrastructure, including building or acquiring depots across Nigeria to improve product accessibility.
