Why petrol remains expensive in Nigeria — Dangote
Aliko Dangote attributes the high price of petrol in Nigeria to smuggling, stating that prices in neighbouring countries are 30 to 50 per cent higher. Read More: https://punchng.com/why-petrol-remains-expensive-in-nigeria-dangote/
Dangote Industries Limited Chairman, Aliko Dangote, has pointed out that Nigeria's high petrol prices result from neighbouring countries charging significantly more, creating strong financial incentives for traders to smuggle the commodity. Dangote mentioned that petrol sold in neighbouring countries, like Niger, is 20 to 25 per cent more expensive than in Nigeria.
This price disparity brings significant profits for smugglers who sell the commodity across borders, making Nigerian petrol look expensive to locals. Dangote stressed that if Nigerians compared petrol prices with those in neighbouring countries, they would realize the pricing gap. Speaking about the ongoing crisis in the Middle East, Dangote said the problem now is not about petrol's price but its availability.
He reassured Nigerians that the Dangote refinery will maintain the domestic supply despite potential challenges.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
