The Petroleum Retailers Outlets Owners Association of Nigeria (PROOAN) has attributed the recent hike in petrol prices—from N860-N880 to N930-N960 per litre—to market deregulation and economic factors.
National President Billy Gillis-Harry clarified that neither Dangote Refinery nor the federal government is solely responsible, emphasizing that prices could reach N1,000 per litre if the Naira-for-crude deal between Dangote Refinery and NNPC Ltd. falters.
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