NNPC and Marketers Clash Over Dangote Petrol Pricing

Developmental Analyst Lemmy Ughegbe joins us to unpack the ongoing tensions between the Nigerian National Petroleum Company (NNPC) and oil marketers regarding unresolved pricing issues affecting petrol distribution from the Dangote Petroleum Refinery. Despite high hopes for the refinery to alleviate fuel supply challenges, marketers from the Independent Petroleum Marketers Association of Nigeria (IPMAN) are struggling to access petrol due to pricing discrepancies, with costs ranging from N950 to N1,019 per litre. Lemmy addresses the implications of these high prices on local markets, the fears surrounding continued petrol imports, and potential shifts in subsidy payments as Nigeria navigates its deregulated oil landscape. We also examine the roles of other associations, the market's future, and whether NNPC's actions align with the Petroleum Industry Act.


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