The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has warned against monopolies and unfair competition in the downstream oil sector while calling for healthy competition.
In a statement signed by its National Public Relations Officer, Dr. Joseph Obele, PETROAN urged regulatory authorities to promote healthy competition and price stability in the country’s downstream petroleum sector to prevent monopolies and protect local refineries.
“The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has taken a firm stance on promoting healthy competition and controlling price fluctuations in the downstream sector,” the statement read.
PETEOAN also lamented over the “massive” financial losses caused by the recent “sudden” drop in the price of petrol.
Read More 👇
https://nairametrics.com/2025/03/10/price-war-petroan-warns-against-monopoly-seeks-healthy-competition-in-nigerias-downstream-oil-sector/
No comments:
Post a Comment