Direct purchase from Dangote refinery, importation will crash petrol price – Marketers

Oct. 14, 2024 - Nairametrics

Tor made this statement in an interview while speaking on the recent deregulation effort by the federal government to allow marketers to directly negotiate petrol prices from Dangote Refinery. He said this move would end the Nigerian National Petroleum Corporation (NNPC) Limited’s monopoly as the sole purchaser of petrol products in the country.

If they allow us to get it from Dangote refinery, after my president’s speech, we had a meeting and it was agreed that they will now allow marketers to get their products directly from Dangote refinery. At the onset of petrol production from the Dangote Refinery, NNPCL initially became the sole off-taker, a situation that has since changed.

Earlier this week, NNPCL increased petrol prices across its retail stations to over N1,000 per liter...