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Major marketers halt petrol import, lift 148 million litres from Dangote Refinery

Major oil marketers in Nigeria have ceased importing petrol due to the availability of the product from the newly operational Dangote Petroleum Refinery, which has begun supplying the market with 148 million litres of petrol. This shift marks a significant change in the country's fuel supply dynamics, reducing the need for imports. The refinery, owned by Africa's richest man Aliko Dangote, has started distributing petrol to marketers, with the first batch of 148 million litres already allocated. This development is expected to stabilize fuel supply, potentially lower prices, and reduce the foreign exchange pressure on the naira, as Nigeria moves towards self-sufficiency in petroleum products. The move also aligns with the government's push for local refining capacity to meet domestic demand.

Read the Full businessday Article at [ https://businessday.ng/news/article/major-marketers-halt-petrol-import-lift-148-million-litres-from-dangote-refinery/ ]