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BUSINESS: Dangote refinery: What Nigerians should expect on fuel price – Retailers








 By Abdul Yakubu


Petroleum product retailers have revealed what Nigerians should expect as fuel prices following the commencement of operations at Dangote refinery.

TNEN-News reports that the Dangote refinery announced the commencement of production last Friday.

The company had expressed readiness to supply the Nigerian market diesel and JetA1 or aviation fuel pending approval from the Federal Government.

It added that fuel production will commence in the coming months.

Reacting to the development in an exclusive interview with DAILY POST on Monday, the President of Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry, said price reduction would be one of the benefits of the coming onstream of the Dangote refinery.

According to him, it will be surprising if domestic refineries do not impact the price of fuel.

He added that Nigerians should expect to pay less for fuel.

“The promise that Dangote refinery petroleum products will be rolled out this month is good.

“There are remarkable benefits for Nigerians. When you import petrol products, you incur some costs. Common sense dictates that the in-country’s refining capacity should impact the price of the products.

“I will be surprised if we produce petrol in Dangote and Port Harcourt refinery and there is no price reduction benefit for Nigerians. Nigerians should expect to pay less. What the amount will be, I can’t determine right now”, he stated.

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