Petroleum marketers in Nigeria have urged President Bola Tinubu to address the impact of Dangote Refinery’s reduced diesel price, which has dropped to N900 per liter. Due to low local demand, Dangote Refinery is exporting diesel and aviation fuel, raising concerns about the future of local fuel distribution.
Petroleum product marketers in Nigeria have raised concerns with President Bola Tinubu over the reduced price of diesel from Dangote Refinery, which has dropped to N900 per liter, negatively impacting their businesses.
Devakumar Edwin, Vice President of Dangote Industries, revealed that the refinery faces challenges selling diesel locally due to low patronage from domestic marketers. As a result, much of the diesel, along with aviation fuel, is being exported.
Edwin noted that despite Dangote Refinery's efforts to provide affordable fuel, it faces obstacles, including insufficient crude supply and limited support from local petroleum traders.
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