1. Weekly Giveaway for our active users. N50,000 per Week. Do you want to contribute to this community? We are looking for contribution? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing Nigerian forum!
    Dismiss Notice

Dangote refinery will be selling petrol at International market price- Zainab Ahmed

Discussion in 'General Topics' started by Melvin, Sep 14, 2020.

By Melvin on Sep 14, 2020 at 5:31 PM
  1. Melvin

    Melvin Active Member

    Joined:
    Apr 24, 2020
    Messages:
    428
    Likes Received:
    90
    [​IMG]


    The Minister of Finance, Budget and National Planning, Zainab Ahmed has disclosed that the Dangote Refinery will be selling fuel at international prices, adding that the refinery is set to begin operations from next year with a capacity of refining 650,000 barrels of crude oil per day.

    She also said that shipping costs was the only thing Nigeria would not pay for but labour cost, landing costs and marketers will have to put a margin.

    According to the Minister the whole plan was targeted at enabling the petroleum sector grow as they have been a number of refineries that have been licensed for several years. "None of them was willing to start refining under the regime that we had were fuel was controlled", she said.

    Speaking further, Zainab said that the Dangote refinery is sitting within an Export Processing Zone so they are insulated from that, adding that when we buy fuel from Dangote, we will be buying fuel at the international market pr
     
    #1 Melvin, Sep 14, 2020
    Last edited: Sep 14, 2020
Sub-Categories: This article has no sub-categories

Comments

Discussion in 'General Topics' started by Melvin, Sep 14, 2020.

Share This Page