Current Petrol Pump Price Still Driven By Subsidy …C0NTINUE READING HERE >>>
There are indications that the current prices of Premium Motor Spirit (PMS) from Dangote Refinery are priced under subsidy considerations.
The Nigerian National Petroleum Company Limited (NNPC) has been procuring the product from the refinery to ensure availability across the country.
This may be why oil marketers cannot import petrol or buy directly from Dangote Refinery, as it is not profitable or cost-effective for them to do so.
NNPCL’s executive vice president, downstream sector,…
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