FG To Allow Dangote Refinery To Set Fuel Prices – Bloomberg

*Petrol marketers will be able to buy products from the plant

*State-owned oil company NNPC has been the sole price setter

Nigeria is considering allowing billionaire Aliko Dangote’s refinery to set the price of the gasoline it sells, people with knowledge of the matter said, a move that’s poised to refashion the government’s control over what customers pay for fuel.

Until now, Africa’s largest oil producer has imported all of its gasoline and subsidized the price at a hefty annual cost. But in a major change, Dangote’s massive plant near the commercial hub Lagos is starting to locally refine gasoline.

Source:- Bloomberg