Following the decision of Dangote Refinery to sale petrol directly to the oil marketers in Nigeria are at a rate of N1,014.75 per litre, Nigerians who expected lower prices base on “crude-for-naira” deal intended to make petrol more affordable are disappointed.
It will be recalled that since 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.
To this extent, petrol prices at filling stations in Nigeria 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.
The breaking down the cost into N990 per litre and an additional 2.5% variation charge.
For your complain on Fake Schools of Health in Niger State….. Send text messages to the contact below…
