Marketers turn to Dangote refinery as import economics shift
Oil marketers are lifting more petrol and diesel from the Dangote refinery because its prices have become lower than the estimated cost of importing the products, according to Punch Nigeria. The available material does not quantify the price difference, volumes purchased or implications for consumers.
Oil marketers are purchasing more petrol and diesel from the Dangote refinery as its prices become cheaper than the estimated cost of importing the products, Punch Nigeria reported. The shift indicates that marketers are comparing the refinery’s prices with the projected expense of bringing fuel into Nigeria. The supplied material does not state the precise difference between the two costs.
It also does not give figures for the volume of products being lifted from the refinery, the number of marketers involved or any change in retail prices. The report describes the refinery as gaining an advantage as fuel import costs rise. No further details about supply arrangements, consumer effects or responses from the refinery or marketers were included.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.