The Petroleum Products Retail Outlets Owners Association of Nigeria has cautioned refiners to kill the dream of running retail outlets because it will ruin the businesses of existing operators.
Speaking with The Nation on phone, its National President, Dr. Billy Harry, urged refiners who own licences for retail outlets to engage other operators to manage them.
Insisting it will run retail outlets’ owners out of business, he said: “Well, they need to allow the retail associations, retailers to manage those. We need to make sure that everybody is protected because that is the only way the economy will grow. If refiners are running retail outlets they will take over our business because we can’t compete.”
Harry said every segment of the industry should stick to its rules, stressing retailers should retail, depots, marketers should maintain and make their depots efficient while refiners should only refine.
He insisted that each operator should focus on his aspect of the value chain in order to accommodate all in the industry
Full story ‘Petroleum refiners shouldn’t run retail outlets’ - The Nation Newspaper (thenationonlineng.net)
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