Fuel price: What Nigerians expect from Naira-for-crude sale to Dangote Refinery

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Fuel price: What Nigerians expect from Naira-for-crude sale to Dangote Refinery
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Petroleum Marketers have said that Nigerians expect transparency from the Federal Government on the Naira-for-crude sales deal with Dangote Refinery. Billy Gillis-Harry, the President of the Petroleum Products Retail Outlets Owners Association, PETROAN, disclosed this, weekend, in an interview with DAILY POST.

According to him, Nigerians expect that the deal will eventually lead to a reduction in the pump price of Premium Motor Spirit in the country. His comments come as the Nigerian government said it has begun the Naira-for-crude sale to Dangote Refinery from October 1, 2024.

reports that the Minister of Finance, Wale Edun in a statement on Saturday announced that in conjunction with stakeholders, the government had kicked off the Naira-for-crude sale to Dangote Refinery. But, Edun did not give much details on the deal kick-off. Although Dangote Refinery has not commented on the development, Gillis-Harry has called for openness in the deal's implementation.

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