Petrol price is likely to rise again following the decision by the Nigerian National Petroleum Company Limited (NNPCL) to end its exclusive offtake agreement with the Dangote Refinery, allowing other marketers to buy the product directly from the facility.
The current fuel cost was effected in August when the NNPCL adjusted the pump price from N568 to N855 per litre in Lagos, and to almost N900 in other parts of the country.
If this is true that the NNPCL has exited as a middleman in the Dangote Refinery implies that the national oil company will no longer cover the price gap between the facility's price and the selling price to retailers, previously absorbing a subsidy of N133 per litre
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9 окт 2024
