By Cecilia Ogezi
The Nigerian National Petroleum Company Limited (NNPC) has officially ended its exclusive purchase agreement with Dangote Refinery, opening the market for other marketers to directly buy petrol from the refinery.
This move signifies that NNPC will no longer act as the sole off-taker, allowing marketers to negotiate prices directly with Dangote Refinery.
The change aligns with the deregulated market practice, where refineries can sell directly to marketers based on a willing buyer, willing seller model.
