S&P Analysis: Dangote Refinery's Petrol Cheaper Than Imports in Nigeria
A recent S&P Global analysis revealed that Dangote Refinery's petrol prices in Nigeria are lower than imported fuel, giving it a competitive edge in the deregulated downstream market. The report highlighted the refinery's cost advantage over imported fuel, with prices at N877 per liter in Lagos, below current import prices.
Nigeria's petrol imports have sharply decreased, coinciding with increased domestic refining capacity, particularly from Dangote Refinery producing 650,000 bpd. However, S&P Global warns of the need for strong regulatory measures to ensure market transparency and consumer protection in the deregulated market.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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