Dangote Commits to Competitive Fuel Pricing in Nigeria Amid Market Pressures
After a meeting with Tinubu, Dangote Refinery declares its commitment to selling petrol at competitive prices to counter fuel import activities in Nigeria. The refinery plans to start supplying diesel and jet fuel in January 2024, with petrol to follow in September.
Despite global oil price volatility, Dangote aims to stabilize domestic supply and reduce arbitrage losses. Pump prices in Nigeria have fluctuated, with Lagos at N910-N890 per liter and Abuja at N940-N920 per liter.
The Nigerian National Petroleum Corporation (NNPC) and Ardova are also mentioned in the context of fuel pricing.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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