Amidst Dangote Refinery Uncertainty, Petrol Prices Soar as Landing Costs Rise; Marketers Fear Further Increases
Nigeria’s fuel market faces growing uncertainties as oil marketers express concerns over the delayed announcement of the price of Premium Motor Spirit (PMS), commonly known as petrol, produced by the Dangote Petroleum Refinery. The landing cost of imported PMS has now reaced approximately N1,120 per litre, sparking fears that locally produced petrol from the Dangote…