Oil marketers in Nigeria consider imports due to cheaper prices, threatening local refining.

Oil marketers in Nigeria are considering importing fuel due to lower costs, dropping to ₦922 per liter, cheaper than the Dangote Refinery's price. This shift could lead to supply issues and market instability, as locally refined fuel is more expensive. Experts urge the government to address high import costs and improve local refining. Retail prices remain high at ₦990 to ₦1,010 per liter, despite the reduction in import costs.

2 months ago
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