Experts have said that the commencement of operations at Dangote Refinery will not lead to a significant drop in petrol prices in Nigeria.
The experts, who spoke to PREMIUM TIMES in an interview on Thursday, said the refinery’s operations will lead to a more stable and predictable supply of petroleum products, reducing the volatility in prices caused by importation and supply chain disruptions.
However, they cautioned Nigerians against expecting a sudden and drastic drop in pump prices.
Last Monday, Devakumar Edwin, vice president at Dangote Industries Limited, said the 650,000 barrels per day Dangote Refinery has begun the processing of petrol.
Mr Edwin explained that the Nigerian National Petroleum Company Limited (NNPC Ltd), Nigeria’s sole importer, would buy its product exclusively.
Speaking to reporters, the President of Dangote Group, Aliko Dangote, said the petrol refined from the refinery would hit filling stations across the country within 48 hours,…