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Petroleum marketers sent a warning to the Federal Government over Dangote Refinery’s shift to US dollar pricing for refined fuelPETROAN’s national president said the downstream oil sector risks full dollarisation if the Naira-for-crude deal is not restored quicklyThe FG had not officially responded to Dangote Refinery’s pricing change days after the refinery suspended the naira-based crude deal
Petroleum products retailers have warned that ordinary Nigerians could soon pay for petrol, diesel, and other refined products in US dollars if the Federal Government fails to act quickly to restore the Naira-for-crude arrangement with Dangote Refinery.
Billy Gillis-Harry, National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), raised the alarm in a weekend interview, saying that a prompt resolution of the stalled deal was critical to shielding consumers from further hardship.
Marketers alert FG, say Nigerians may pay for fuel in dollars. Credit: NovatisSource: Getty Images
Dangote Refinery’s dollar pricing shift
The warning
