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Dangote Refinery’s dollar pricing sparks criticism from energy experts and independent marketersPETROAN warned of potential dollarisation impact on Nigeria’s economy, urging government alignment with national prioritiesExperts divided over refinery’s decision; some see protection from forex risks, while others call for naira transactions
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Independent petroleum marketers and energy experts have strongly criticised Dangote Petroleum Refinery’s decision to price petroleum products in United States dollars.
They warned that the policy could increase pressure on Nigeria’s foreign exchange market and trigger another round of petrol price hikes.
Marketers release fresh prices after Dangote’s dollar pricing policy. Credit: PIUS EKPEI UTOMI/StringerSource: Getty Images
The stakeholders, who spoke separately on the development, argued that although Dangote Refinery is entitled to make commercial decisions as a private business, introducing dollar-denominated pricing for petroleum products sold within Nigeria could have far-reaching consequences for
