Economy & Development Agriculture

BREAKING: Oil Marketers to Import Cheaper Petrol, Cite High Prices from Dangote Refinery

by admin on | 2024-11-05 11:41:26 Last Updated by admin on2025-04-19 08:32:45

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By Isabella Nwankwo

In a major development that could shake up the Nigerian fuel market, oil marketers have announced plans to begin importing cheaper petrol into the country, citing the high cost of products from Dangote Refinery as a key factor. The move comes as a response to concerns over the pricing of petroleum products from the newly commissioned Dangote refinery, which many industry players argue remains too expensive for local consumption. Marketers have expressed their intent to source more affordable fuel from international markets, aiming to provide relief to Nigerian consumers facing skyrocketing fuel costs. This shift in strategy could lead to increased competition in the oil market and possibly lower prices at the pump, depending on the success of the importation efforts. As Nigerians brace for the impact of this change, all eyes are on how the situation will evolve and whether the move will truly lead to more affordable fuel nationwide. Stay tuned for updates on this developing story.