Though the Dangote refinery simply lowered its gasoline costs, drivers won’t see cheaper petrol straight away resulting from present inventory. That’s what the Petroleum Merchandise Retail Outlet House owners Affiliation of Nigeria (PETROAN) is saying.

Billy Gillis-Harris, who leads PETROAN, defined this throughout a TV interview on Come up TV on Saturday. The Dangote refinery had simply dropped its wholesale petrol worth from N950 to N890 per litre.

Whereas Gillis-Harris thinks the worth drop is nice information, he defined that fuelling stations can’t decrease their costs but as a result of they’re nonetheless promoting gasoline they purchased on the greater worth.

“You’ll be able to’t see it instantly, as a result of we’ve already purchased merchandise,” Gillis-Harris stated.

Learn Additionally: Dangote refinery reduces petrol ex-depot worth to N890

“We’ve already bought completely different sorts of merchandise that’s in our retail outlet now on the worth which it was previous to the change this night.”

“So the second we lose N60 in that transaction, we’re out of enterprise. So now we have to maintain that product.”

“However the one factor that we are going to advocate is that anyone of us that begins shopping for merchandise from Dangote at that worth from tomorrow, Sunday, ought to endeavour to mirror that worth of their stores.”

Gillis-Harris talked about that PETROAN is now working intently with each the Dangote refinery and MRS, a significant retailer. “So that’s going to actually assist additionally in ensuring that our stores promote merchandise at a uniform worth,” he stated. “And that relationship will definitely be certain that petroleum product is out there in all of the nooks and crannies of this nation.”

He added that Nigeria is doing higher at protecting gasoline obtainable throughout the nation. As native refineries begin working, Nigeria won’t have to import as a lot gasoline.

On the identical day, PETROAN introduced that its members have began getting gasoline provides from two Nigerian refineries in Port Harcourt and Warri.