Breaking News: Dangote Refinery may price petrol at N600 to N650 per liter, say marketers

Nigeria’s oil marketers anticipate that Dangote Refinery could reduce petrol prices to between N600 and N650 per liter, depending on production costs…..For More READ THE FULL ARTICLE HERE ▶▶...CLICK HERE TO CONTINUE READING.>>

Hammed Fashola from the Independent Petroleum Marketers Association of Nigeria mentioned this forecast in a statement, noting that the $20 billion refinery might not start production by mid-August 2024 as initially planned by Aliko Dangote…..For More READ THE FULL ARTICLE HERE ▶▶

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Fashola highlighted that the ongoing crude oil supply issues are a significant challenge for the refinery, while current petrol prices range from N570 per liter at the Nigerian National Petroleum Company to N700 per liter at private depots…..For More READ THE FULL ARTICLE HERE ▶▶

Fashola expressed hope that Dangote’s refinery could offer petrol at N600 to N650 per liter, although this will depend on the refinery’s production costs, amid recent disputes between Dangote Refinery and the Nigerian Upstream Petroleum Regulatory Commission over crude allocation.