Nigerians To Pay Lower Prices for Fuel at Filling Stations, but Change Is Very Little [Video]
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Entrepreneurship

Nigerians To Pay Lower Prices for Fuel at Filling Stations, but Change Is Very Little [Video]

  • Nigerians are unlikely to see significant price reductions when Dangote Refinery begins selling petrol directly to marketers
  • The report shows that only N36 per litre reduction is expected, and there is an ongoing negotiation with the Dangote Group
  • Anthony Chiejina, Dangote Group’s Chief Branding and Communications Officer, also confirmed talks with marketers

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The price of Premium Motor Spirit (PMS), also known as petrol, is set to reduce, but it will not be a significant change.

Nigerians currently pay between N1,100 to N1,300 per litre for fuel at filling stations across the country.

Dangote Refinery direct sales to marketersPhoto credit: Bloomberg/contributorSource: Getty Images

According to the Nation report, ongoing discussions between the Independent PetroleumMarketers Association of Nigeria (IPMAN) and the Dangote refinery will likely bring about an N36 per litre fuel price …

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