The Independent Petroleum Marketers Association has said that it's members are already moving away from the Nigerian National Petroleum Company Limited franchise for cheaper deals.
This comes in the midst of the price dispute between NNPLC and Dangote Refinery
The spokesperson of IPMAN, Chinedu Ukadike, made this known on Tuesday.
Giving perspective to the development, Ukadike said that marketers are rebranding and changing their companies’ name from NNPCL because the state-owned oil firm is no longer the sole importer of fuel, and marketers would naturally gravitate to partnership that would yield more returns on investment.
“Some marketers are changing and rebranding. Remember that there was a time NNPCL was the sole distributor and importer of petrol.
“So, marketers then gave their filling stations as franchises so that they could get products.
“So marketers normally give their companies to NNPCL to have petroleum products. But now that the game has changed, you can even see some marketers now changing to MRS filling stations, because MRS is now selling cheaper than any other station,” he stated.
