The Nigerian National Petroleum Company Limited (NNPC) has submitted a counter-affidavit to the Federal High Court in Lagos, opposing the Dangote Petroleum Refinery's request to void petrol import licenses granted to marketers. NNPC argues that the refinery's products are already sold at high and fluctuating prices, which could lead to monopoly control in Nigeria's downstream petroleum sector if the court grants Dangote's requests. Additionally, the Petroleum Products Retail Outlet Owners Association of Nigeria has voiced support for NNPC, emphasizing the need for competition to prevent price exploitation and ensure a reduction in fuel costs. The NNPC also contends that the Dangote refinery has not provided sufficient evidence to demonstrate its ability to meet the nation's petroleum demands independently, warning that reliance on a single supplier could jeopardize Nigeria's energy security.
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