President of Dangote Refinery, Aliko Dangote, has said that with the 650,000 barrels per day refinery price cuts, Nigeria’s premium motor spirit price is now 55 percent below the West African average fuel pump price.
He disclosed this in a statement after a delegation led by the President of the Economic Community of West African States Commission, Dr. Omar Touray, visited his refinery.
According to him, Nigerians are enjoying the benefits of local refining amid petrol price reduction compared to neighbouring countries.
“In neighbouring countries, the average price of petrol is around $1 per litre, which is N1,600.
“But here at our refinery, we’re selling at between N815 and N820. Many Nigerians don’t realise that they are currently paying just 55 percent of what others in the region are paying for petrol,” he said.
Reacting, Touray commended Dangote for the trust reposed on the continent by building the refinery.
“We congratulate Alhaji Dangote for this trust in Africa because I think you do this only when you have the trust, and he
has a vision for Africa, and this is what we should all work to encourage,” Touray was quoted in the statement.
