Nigeria, Feb. 10 -- The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, disclosed this on Monday.
According to data from the Major Energies Marketers Association of Nigeria (MEMAN), imported petrol is currently 77 per litre cheaper than Dangote Refinery's gantry price of 799 per litre, a development that has thrown fuel marketers into a fresh pricing dilemma.
Last week, the Dangote Refinery urged marketers to boycott imported coastal petrol, claiming it was 75 more expensive than locally refined fuel. However, the latest figures appear to contradict that position, raising questions over price competitiveness in the downstream sector.
Despite the ongoing parity debate, retail petrol p...
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