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A Dangote Refinery official said fuel importers were allegedly withholding stock while waiting for prices to rise furtherThe refinery set its gantry price at N1,215 per litre after reverting to naira-denominated petrol salesPump prices across Nigeria are now hovering between N1,260 and N1,300 per litre following renewed global oil market tensions
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Dangote Petroleum Refinery has explained why it abruptly abandoned its short-lived dollar-denominated petrol sales and returned to pricing Premium Motor Spirit (PMS) in naira, saying the move was aimed at preventing a nationwide fuel shortage and a steeper rise in petrol prices.
A senior management official of the refinery, who spoke on condition of anonymity because he was not authorised to speak publicly, said the decision was taken after the company observed that fuel importers were allegedly withholding supplies in anticipation of
