The Rivers State Chapter of the Independent Petroleum Marketers Association of Nigeria, IPMAN, says the coming on stream of the Port Harcourt Refinery and the Dangote Refinery which is in operation will engender competition and reduce the cost of petroleum products
IPMAN Chairman in Rivers State, Tekena Ikpaki, made this known in a chat with newsmen on Tuesday.
According to him, both refineries now in operation will bring about super competition in the system which is in favour of Nigerians.
He said, “You know in God’s time He makes all things beautiful and this is just the best thing that will happen to Nigerians. I mean there is super competition now in the system which is in favour of the entire Nigerians.
“When Dangote and the NNPCL are at loggerheads and they are competing, who enjoys the dividends? Of course you and I. So I believe that since the refinery has come on stream, Dangote is there too, it will further push down the price of products.
“Over the weekend, Dangote had announced price reduction both on the marine and trucking, coming from perhaps the resumed operation of the Port Harcourt Refinery. So I think price reduction will be experienced and it will be in our favour and the favour of Nigerians.”
We pray so.