Dangote Adjusts Petrol Export Strategy Amid Rising Imports
Aliko Dangote’s company has increased its petrol export volumes and warned of further shipments as domestic fuel imports continue to rise. The decision underscores shifting supply dynamics within Nigeria’s downstream oil market.
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Dangote threatens to export petrol as imports rise
The Dangote Petroleum Refinery has threatened to export excess petrol stocks as rising imports create uncertainty around domestic demand and make inventory planning increasingly difficult. The refinery said imported Premium Motor Spirit (petrol) accounted for approximately 43 per cent of fuel supplied into the Nigerian market in July, despite its capacity to meet and exceed Read More: https://punchng.com/dangote-threatens-to-export-petrol-as-imports-rise/
By Punch Newspapers
Read full article →Why we increased petrol export volume – Dangote
Dangote said the absence of transparency regarding the actual volume of imported products expected into the country makes effective production and inventory planning increasingly challenging The post Why we increased petrol export volume – Dangote appeared first on Vanguard News.
By Oboh
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