Nigeria’s oil marketers have said the sale of crude oil to Dangote Refinery and other local refineries in Naira would lead to a reduction in the price of petrol.
Billy Gillis-Harry, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria disclosed this in a recent interview with DAILY POST.
His statement comes amid the directive by President Bola Ahmed Tinubu to the Nigerian National Petroleum Company Limited to sell crude oil to Dangote Refinery, and other local refineries in Naira.
In follow up to the directive, the Minister of Finance, Wale Edun, on Monday met with key stakeholders, including the Chairman of Federal Inland Revenue Service, Zacch Adedeji, towards the implementation of Tinubu’s directive.
Reacting to the development, Gillis-Harry, stressed that crude sales to domestic refineries would eliminate all components of logistics costs and charges on imported crude cargoes.
