Dangote: Nigerians may begin buying fuel, diesel in US dollars – Marketers

Petroleum products retailers and marketers person said Nigerians whitethorn soon statesman buying Premium Motor Spirit, PMS, Automotive Gas Oil, AGO, and different refined petroleum products successful United States dollars if the Federal Government does not reconstruct the Naira-for-crude woody with Dangote Refinery.

The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Billy Gillis-Harry, disclosed this successful an interrogation with DAILY POST at the weekend.

Recall that past week, Dangote Refinery resumed the merchantability of refined petroleum products successful US dollars.

The refinery’s determination signalled the suspension of the Naira-for-crude deal, which enables off-takers to acquisition refined petroleum products from the 700,000-barrel-per-day works successful naira.

Days aft Dangote Refinery’s pricing displacement to the US dollar, the Nigerian authorities had yet to officially remark connected the matter.

However, determination are speculations that the Federal Government has initiated talks with Dangote Refinery to reconstruct the Naira-for-crude deal.

Reacting, Gillis-Harry said discussions connected the Naira-for-crude woody should beryllium concluded promptly truthful that mean Nigerians bash not endure the consequences.

According to him, the Federal government’s involution would support Nigerians from the adverse interaction of planetary en...