Independent Petroleum Marketers Association of Nigeria said Nigeria’s fuel price would have increased to between N5000 to N6000 per litre without Dangote Refinery amid the ongoing crisis in the middle east.
The spokesperson of IPMAN, Chinedu Ukadike disclosed this in an interview with DAILY POST on Monday.
He was speaking on the recent fuel price drop across the country after Dangote Refinery slashed its petrol gantry price.
According to Ukadike, the now 700,000 per barrel per day refinery has served as a buffer to Nigeria’s domestic fuel supply.
He noted that if Nigeria had continued reliance on importation of petroleum products, the country would been worse hit by the Iran, United States-Israel war which entered over three months.
“Nigeria is benefiting from this crisis through higher crude oil revenue.I also want to thank Dangote Refinery for continuing to provide this petroleum product to Nigeria’s domestic market.
“Nigeria is no longer dependent on petrol product imports.I want to tell you today that the petroleum product would have been around N6,000 Nairaor N5,000 per litre without Dangote Refinery”, he told DAILY POST.
DAILY POST reports that fuel retail pump price recorded downward drop to between N1317 and N1360 per litre from N1360 and N1370 per litre in Abuja.
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