In November 2024, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) publicly opposed monopolistic practices in the oil sector, particularly criticizing Dangote Refinery for attempting to suppress competition. PETROAN emphasized that fostering competition is essential for ensuring consumers receive the best value for petroleum products. They argued that a monopolistic market could lead to exploitation and profiteering.

In response to Dangote Refinery's claim that marketers seeking to import petrol at prices lower than N990 per liter would be bringing in substandard products, PETROAN refuted the allegation. They announced plans to collaborate with international refinery partners to import high-quality Premium Motor Spirit (PMS) at prices lower than the current market rate in Nigeria. This initiative was pending approval of import permits and access to foreign exchange at official rates.

PETROAN also highlighted that Dangote Refinery had benefited from significant concessions, particularly in accessing foreign exchange during its construction. They contended that the refinery's pricing strategy, which aligns with international market rates, should instead reflect production costs plus a fair margin, given the local advantages it enjoys.

The association called on the federal government to discourage monopolistic tendencies in the downstream sector to promote fair pricing and healthy competition. They advocated for an inclusive market where multiple players can operate, ensuring that consumers benefit from competitive pricing.