Why Dangote petrol cannot come cheap

    Opinion | Sep 17, 2024    
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Many Nigerians are understandably shocked that petrol being pumped out of the Dangote refinery (DR) will not be selling at a relatively affordable price at the pumps, or a little cheaper than the imported variety. Long conditioned to subsidised products, they had expected that locally produced gasoline would offer a huge relief from the cost-of-living crisis they’ve been enduring since last year. Hope was heightened when the government announced recently that Dangote will buy Nigerian crude oil in Naira and sell his products within the country in the same currency. In many social media platforms and talk shows, Nigerians have been busy analysing the refinery’s production economics and explaining why we should be buying cheap fuel soon.

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