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<p>A coalition of oil marketers has called on the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to enforce fair competition in the petroleum sector and prevent what they describe as monopolistic tendencies by the Dangote Refinery.</p><div class="X5HWWs5x" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p>The marketers made this appeal while addressing journalists in Abuja, stressing that the Petroleum Industry Act (PIA) clearly outlines a value chain system that must be respected to guarantee efficiency and fairness in the industry.</p>
<p>According to them, the PIA stipulates a separation of duties across the petroleum value chain, with refiners, transporters, retailers, distributors, and facility owners each playing distinct roles. They argued that while the Act allows refineries or producers who cannot meet demand to import crude oil, this opportunity has been disproportionately granted to the Dangote Refinery alone.<br />
“There is no way one refinery can supply petroleum to a country as vast as Nigeria,” the marketers stated. “What is required is a win-win situation where all licensed operators are allowed to contribute to national supply.”</p>
<p>The marketers expressed concern that Dangote Refinery’s dominance could undermine the principles of the PIA, which emphasizes competitive business practices and a level playing field. They warned that allowing one entity to act as refiner, transporter, and retailer contradicts the Act and risks destabilizing the sector.</p>
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<p>“It is not fair for one company to control every aspect of the chain,” they said. “Others have invested heavily, obtained licenses, paid taxes, and employed staff. They too deserve reasonable returns on their investments.”</p>
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<p>Highlighting the complexity of the petroleum industry, the marketers noted that the sector is divided into upstream, midstream, and downstream streams, each with its own value chain. They cautioned that sidelining other players could create serious setbacks and jeopardize energy security.</p>
<p>“The petroleum business is dicey. If one part of the chain is removed, the entire system suffers. That is why the PIA insists on inclusivity and fairness,” they explained.</p>
<p>The marketers urged the Chief Executive officer of NMDPRA, Engineer Saidu Aliyu, to fulfill his mandate as chief regulator by ensuring competition and protecting the interests of all investors.</p>
<p>“The Petroleum Industry Act is not a favour; it is an Act of the National Assembly. It guarantees that whoever invests in the sector should enjoy reasonable returns. The regulator must enforce this to prevent monopoly and ensure a win-win situation for all stakeholders,” they concluded.</p>
<p>We are very confident that Engineer Saidu Aliyu came with the intention to sanitize the sector and rescue it from the clutches of monopoly, and we are very assured he can do so.</p>
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