Independent petroleum marketers can now buy petrol directly from the Dangote Refinery, rather than go through the Nigeria National Petroleum Company Limited.
Minister of Finance and chairman “Naira for crude” implementation committee Mr. Wale Edun said in a statement Friday that move allowing marketers to buy directly from refiners was to foster competitive market environment and enabling a smoother supply chain for petroleum products.
“New Direct Purchase Model: The most significant change under the new regime is that petroleum product marketers can now purchase PMS directly from local refineries. This marks a departure from the previous arrangement where the Nigerian National Petroleum Corporation (NNPCL) served as the sole purchaser and distributor of PMS from the refineries.”
“This direct purchasing mechanism allows marketers to negotiate commercial terms directly with the refineries, fostering a more competitive market environment and enabling a smoother supply chain for petroleum products.”
