Price hike: Imported fuel cheaper than Dangote petrol despite naira-for-crude deal

The landing outgo of imported substance has erstwhile again go cheaper than Dangote Refinery’s petrol contempt benefiting from the Naira for Crude woody by the Nigerian government.

Data released by the Major Energies Marketers Association of Nigeria connected March 02 showed that imported petrol outgo stood astatine N809.83 per liter amid the ongoing warfare successful the Middle East.

Meanwhile, the gantry terms astatine Dangote Refinery stood astatine N874 per liter aft the 650,000-barrel-per-day works hiked its price connected Monday by N100, citing a crude lipid terms hike pursuing the Middle East conflict.

This means that imported substance is N64.2 per liter cheaper than Dangote’s petrol.

DAILY POST reports Dangote Refinery’s substance terms had triggered a retail terms hike nationwide. Currently, filling stations successful Abuja and its neighboring states, Nasarawa, Kogi, and Niger, merchantability petrol betwixt N960 and N980 per liter, up from N855 and N899.

More importantly, Dangote-backed MRS filling is selling petrol astatine N975 per liter, which is N15 higher than Nigerian National Petroleum Company, AA Rano, Ranoil, and different retail outlets, which dispense astatine N960.

The improvement reflects the country’s downstream lipid assemblage terms war...