Dangote Refinery: See Amount Independent Marketers Raise Petrol Prices to
Dangote Refinery: See Amount Independent Marketers Raise Petrol Prices to
Independent oil marketers have increased the pump price of petrol in the Federal Capital Territory (FCT) to reflect the costs at which they purchase the product from Dangote Refinery and Petrochemical Company.
Recent observations indicate that many filling stations are now charging an average of ₦1,200 per liter for petrol.
This price adjustment comes in the wake of the full deregulation of Nigeria’s downstream petroleum sector, which allowed the Nigerian National Petroleum Company Ltd to terminate its exclusive purchasing agreement with Dangote Refinery.
As a result, the market has opened up, enabling other marketers to source petrol directly from the refinery. This shift means that the NNPC is no longer the sole buyer, allowing marketers to negotiate prices directly with Dangote Refinery.
This change is consistent with practices for fully deregulated products, where refineries can sell directly to marketers without intermediary restrictions.
TRENDING SONGS
Trending Video: Muslim Man Joins Wife in Hallelujah Challenge ‘Dress Like Your Miracle’ Night
Woman Seeks Advice as Late Brother’s Wife Refuses to Mourn Him Following His Death With Alleged Mistress
Nobody Cares About Fine Girls In The UK, I Miss Nigeria — Nigerian Lady Laments
Wedding Called Off: How Lady Cancels Wedding After Finding Out Finance’s Affairs With Her Bestie
Heartbreak in Ikeja: Lady Weeps After Fufu Found in New Phone Package
Twist of Fate: Man Who Questioned Phyna’s ₦1Billion Demand Mourns Brother in Dangote Truck Crash
Tragedy in Enugu: Dangote Truck Claims Lives of Family of Five
Bangkok Crackdown: Nigerian-Thai Couple in Police Net Over Drug Trafficking
Family Rift: Reno Omokri’s Ex-Wife Says He Deserted Their Special Needs Son
The Man Who Sent Money for Two Decades, Only to Return to an Empty Shell
Share this post with your friends on 
