Will Not Sell Below Market Value: Sources Hint at New Petrol Price From Dangote Refinery [Video]

• Dangote’s massive plant near Lagos’s business district is starting to refine gasoline locally
• According to sources, Nigeria will allow Dangote to set the petrol price for petroleum merchants starting the next month
• FG claims that Dangote Refinery will undoubtedly never sell its goods for less than their market worth

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Nigeria is thinking of letting billionaire Aliko Dangote’s refinery determine the price at which it sells petrol, a move that might reshape the government’s authority over how much fuel consumers must pay.

Bloomberg reported that this is according to people with knowledge of the situation.

The biggest oil producer in Africahas up until now imported all of its gasoline and paid a high yearly price for it. However, Dangote’s enormous …