The Dangote Petroleum Refinery has said its plan to distribute Premium Motor Spirit (petrol), diesel and other petroleum products to marketers will cut inflation and create jobs.
In a statement on Tuesday, the firm said the distribution of fuel to petrol station operators, manufacturers, telecommunications companies, the aviation sector, and other large-scale users, with free logistics support, was hailed by experts as a move with the potential to reduce inflation, create thousands of jobs, and lower the cost of petroleum products across Nigeria.
This is coming amid fears by some marketers that they might lose their jobs if Dangote started the scheme.
The refinery said its plan to deploy 4,000 new Compressed Natural Gas (CNG)-powered tankers was expected to not only address the country’s long-standing distribution inefficiencies but also reduce the influence of intermediaries and contribute to environmental sustainability.