"I Did the Mathematics": Expert Explains Why Dangote Refinery May Not Sell Petrol Below NNPC Price.
An industry expert has stated that the Dangote Refinery may not sell petrol at a price lower than the rate sold at NNPC retail outlets. He said that the need to recoup investments gives Dangote the right to set the price for the petrol his refinery produces Adigun listed other factors that would determine the price that Dangote Refinery would set for its petroleum Oil and gas specialist Henry Adigun has pointed to production costs, which are priced in US dollars, as a key factor preventing the $20 billion Dangote Refinery from offering petrol at a price lower than the current rate at Nigerian National Petroleum Company Limited (NNPCL) retail outlets. Speaking on Channels Television’s socio-political program Inside Sources, hosted by Laolu Akande, Adigun explained on Friday that the petrol produced at the refinery is of the highest global quality, and with better quality comes higher pricing. Dangote stated that once his company completes arrangements with N...