Nigeria's MEMAN disputes claims that petrol prices could drop to N300 per litre following local refinery production, calling for adequate crude oil supply.

Nigeria's Major Energy Marketers Association (MEMAN) disputes claims that petrol prices could drop to N300 per litre once Dangote Refinery and other local producers begin large-scale production. MEMAN argues that this would only occur if the Nigerian government ensures adequate crude oil supply to local refineries, as foreign refineries are currently benefiting from Nigeria's petroleum imports.

June 10, 2024
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