Dangote: Nigeria’s Petrol Prices Confirm to be  55% Lower than the West African Average….details

The CEO of the Dangote Group, Aliko Dangote, mentioned that many Nigerians are not aware that they are presently paying 55 percent of the price that people in other West African nations pay for petrol.

Dangote mentioned that his refinery has contributed to lowering fuel prices by offering petrol for sale at prices ranging from N815 to N820 per liter.

According to a statement released by the Dangote Group on Sunday, the billionaire businessman made this statement during a significant visit to the 650,000 barrels-per-day facility by Dr. Omar Touray, the President of the Economic Community of West African States Commission, along with his delegation.

He said, “In neighbouring countries, the average price of petrol is around $1 per litre, which is N1,600. But here at our refinery, we’re selling at between N815 and N820. Many Nigerians don’t realise that they are currently paying just 55 per cent of what others in the region are paying for petrol.

“In neighbouring countries, the average price of petrol is around $1 per litre, which is N1,600. But here at our refinery, we’re selling at between N815 and N820. Many Nigerians don’t realise that they are currently paying just 55 per cent of what others in the region are paying for petrol.

“As long as we continue importing what we can produce, we will remain underdeveloped. This refinery is proof that we can build for ourselves at scale, to global standards.

“There have been many claims suggesting that we don’t even produce enough to meet Nigeria’s needs, so how could we possibly supply other West African countries? But now, they (ECOWAS officials) are here to see the reality for themselves and, more importantly, to encourage other nations to embark on similarly large-scale industrial projects.”