• Home
  • NEWS
  • POLITICS
  • Stories
  • Creative
Friday, July 11, 2025
No Result
View All Result
  • Home
  • NEWS
  • POLITICS
  • Stories
  • Creative
No Result
View All Result
No Result
View All Result
Home NEWS

Dangote Refinery Begins Sale Of Petrol to Marketers

by ADELEKE
8 months ago
in NEWS
0
Dangote Refinery Begins Sale Of Petrol to Marketers
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Dangote Refinery Begins Sale Of Petrol to Marketers

 

The Dangote Refinery has begun sale of petrol to oil marketers at a rate of N1,014.75 per litre, breaking down the cost into N990 per litre and an additional 2.5% variation charge.

This price has been a surprise to many Nigerians who expected lower prices following a recent “crude-for-naira” deal intended to make petrol more affordable.

Since the Nigerian National Petroleum Company Ltd (NNPC) stepped back from its exclusive buying rights, the market is now open to all marketers, allowing direct price negotiations.

As a result, petrol prices at filling stations have risen, with independent outlets setting prices as high as N1,200 per litre.

This shift aligns with the full deregulation of Nigeria’s downstream petroleum sector, allowing refineries like Dangote’s to sell on a “willing buyer, willing seller” basis.

Deregulation may lead to stabilized supply chains but has also resulted in price hikes as marketers adjust their prices to cover costs and include profit margins

Previous Post

Oyo to establish business district in Ibadan

Next Post

Kemi Badenoch elected new leader of UK Conservative Party

Next Post
Kemi Badenoch elected new leader of UK Conservative Party

Kemi Badenoch elected new leader of UK Conservative Party

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

© 2024 .

No Result
View All Result
  • Home
  • NEWS
  • POLITICS
  • Stories
  • Creative

© 2024 .