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Dangote Refinery denied that its new dollar-denominated sales framework caused the recent petrol price increases seen at MRS, Pinnacle and other filling stationsThe refinery said no marketer had completed a dollar transaction yet, noting that higher-priced petrol was purchased before the new policy took effectEnergy expert Jeremiah Olatide warned the dollar payment system could raise operating costs and eventually push up pump prices across Nigeria
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Dangote Petroleum Refinery has pushed back against suggestions that its newly introduced dollar-based sales policy is behind a wave of petrol price increases at major filling stations across Nigeria, saying it is yet to receive a single dollar payment from any marketer.
The denial follows a near-N50 per litre jump in Premium Motor Spirit (PMS) prices at several Dangote-linked outlets, which fuelled public
