Summary
Bloomberg, on Thursday, confirmed that the Dangote Petroleum Refinery will determine the price of petrol from October.
The Chairman of Dangote Industries Limited (DIL), Aliko Dangote, on Tuesday, officially announced the commencement of petrol production at his refinery.
However, a Bloomberg report said the federal government is considering allowing the refinery to set the price of petrol it sells.
Sources told the publication, “Nigeria will allow Dangote to set the price of gasoline to petroleum marketers starting next month.
Ajayi said, “Dangote Refinery will certainly not sell their products below market value as a business that was set up to make profit.