Marketers Give Real Cost of Petrol, Anticipate Impact on Dangote Refinery Fuel Price [Video]

• The landing cost of imported petrol has surged to about N1,120 per litre, oil marketers have revealed
• The marketers have expressed concerns that the Dangote Refinery’s pricing might fall within a similar range
• There appears to be an agreement on a free market, and marketers may import PMS if Dangote’s price is high

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.

Oil marketers are increasingly concerned over the delay in announcing the price of Premium Motor Spirit (PMS) from the Dangote Petroleum Refinery.

The marketers are worried that the price could be high as the landing cost of imported petrol has soared to approximately N1,120 per litre.

Punch reports that the marketers have indicated that if the Dangote refinery sets a high price for its petrol, marketers …