According to report from Daily Post Nigeria on Tuesday, September 17, Petroleum marketers in Nigeria are voicing strong objections to the pricing of Dangote Refinery’s Premium Motor Spirit (petrol) following the Nigerian National Petroleum Company Limited’s (NNPCL) announcement of a purchase price of N898 per liter.…..For More READ THE FULL ARTICLE HERE ▶▶...CLICK HERE TO CONTINUE READING.>>
Industry leaders, including Billy Gillis-Harry of the Petroleum Products Retail Outlets Owners Association and Abubakar Maigandi of the Independent Petroleum Marketers Association of Nigeria, are demanding transparency regarding the price at which Dangote sells petrol to NNPCL.
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Marketers emphasize that understanding this pricing structure is essential for fair competition and market stability. With Nigeria’s daily petrol consumption estimated at 50 million liters, they express concern that reliance on domestic production alone may not suffice to meet demand. Current retail prices vary significantly, with Lagos averaging N950.22 per liter and Borno State reaching N1,019.22.
The lack of clarity surrounding pricing could lead to increased consumer costs and potential disruptions in supply. Marketers warn that without immediate action from both Dangote and NNPCL, they may be compelled to explore alternative sources for petrol, further complicating the dynamics of Nigeria’s fuel market.…..For More READ THE FULL ARTICLE HERE ▶▶
