Why Petrol Remains Expensive in Nigeria

Why petrol remains expensive in Nigeria

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/

Petrol at N1,350 cheaper in Nigeria than neighbouring countries

“Expensive is relative. What they need to ask is, what’s the price in the neighbouring countries? There is still a lot of smuggling of the same petrol we are producing to our neighbouring countries because those neighbouring countries are about 30 to 50 per cent more expensive than Nigeria,” he said.

Not just crude: Aliko Dangote exposes forces behind high petrol prices in Nigeria

Dangote explains why Nigerian petrol prices remain high despite local refining, citing global crude costs, smuggling, high interest rates and policy risks loom.

Dangote Blames Smuggling for High Petrol Prices in Nigeria

Aliko Dangote, president and chief executive of Dangote Industries Limited, has attributed Nigeria’s persistently high petrol prices to large-scale smuggling...

Dangote blames petrol smuggling for Nigeria’s high fuel prices

The President/Chief Executive Officer of Dangote Industries Limited, Aliko Dangote, has attributed the high price of petrol in Nigeria mostly to the continuous smuggling of the commodity to neighbouring countries where it sells for much more despite the surge in prices in Nigeria.

Why Petrol Is Still Expensive In Nigeria — Dangote - NewsTmes.com.ng

President of Dangote Industries Limited, Aliko Dangote, has revealed why petrol prices in Nigeria remain high, noting that this is partly due to the continued smuggling of the commodity to neighbouring countries, where it sells for significantly more. Dangote made the disclosure in an interview aired on Arise TV on Tuesday, while discussing petrol prices …