PETROAN Seeks 30% Discounted Petrol Supply from NNPC

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has formally requested the Federal Government to extend its discounted petrol initiative to independent marketers, demanding at least 30% of the supply allocated to the Nigerian National Petroleum Company Limited (NNPCL). PETROAN President Billy Gillis-Harry made this request during an interview with Arise News.

He argued that involving more filling stations would improve access to discounted petrol, enhance distribution, and reduce long queues at NNPC retail outlets. Gillis-Harry stated that the 30% share is a minimum, with potential for increase based on arrangements with NNPC.

He highlighted that over 230 million Nigerians depend on petroleum products, and additional retail outlets would facilitate better access. Gillis-Harry clarified that independent marketers need access to discounted petrol to sell at lower prices without sacrificing profit margins, as they lack the financial capacity of NNPC to absorb losses.

PETROAN seeks to buy discounted petrol from NNPC and distribute it through its members' stations, thereby extending NNPC's reach.