Expert lists reasons Dangote will not sell petrol cheaper than NNPC
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An industry expert, Henry Adigun, stated that Dangote Refinery will not sell petrol below NNPC prices due to the need to recoup investments; production costs are in US dollars, affecting pricing; Dangote receives only 40% of crude oil from NNPC and must purchase the rest internationally; petrol prices at NNPC outlets increased from approximately N568 to over N855; Dangote's petrol is of high quality, justifying higher prices; NNPC plans to begin sourcing fuel from Dangote Refinery by mid-September 2024.
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https://www.legit.ng/business-economy/energy/1612612-i-mathematics-expert-explains-dangote-refinery-sell-petrol-nnpc-price/