Dangote Refinery Shields Nigerians from Global Fuel Price Shock, S&P Reports
S&P Global reports that the Dangote Petroleum Refinery & Petrochemicals is protecting the Nigerian market from external price shocks by maintaining stable domestic fuel prices. This competitive pricing helps consumers avoid import-driven increases, as the cost of transporting clean petroleum products from Northwest Europe to West Africa has risen.
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Dangote Refinery shields Nigerians from global fuel price shock – S&P
According to S&P Global, the cost of transporting clean petroleum products from Northwest Europe to West Africa has risen from US$29.70 per metric tonne at the end of June to US$37.12 per metric tonne, as vessels reposition to serve alternative markets. The post Dangote Refinery shields Nigerians from global fuel price shock – S&P appeared first on Premium Times Nigeria.
By Omotoyosi Idowu
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…competitive pricing protects consumers from import driven increasesBy Udeme AkpanDangote Petroleum Refinery & Petrochemicals continues to shield the Nigerian market from external price shocks, maintaining stable domestic fuel prices within a commercially acceptable range despite rising international gasoline prices, higher freight rates and tightening global supply conditions that are increasing costs for fuel importers across […] The post Dangote Refinery shields Nigerians from global fuel ...
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