In a significant development in Nigeria’s oil sector, a dispute has emerged between Dangote Group and the Nigerian National Petroleum Corporation (NNPC) over petrol pricing. This comes as the Dangote Refinery begins supplying 16 million litres of petrol to the market.Dispute Details: Dangote Group, which operates the new Dangote Refinery, has reportedly set a price for petrol that differs from the rates proposed by NNPC. The conflict arises from differing views on the cost of production, distribution, and market pricing.Refinery Operations: The Dangote Refinery, one of the largest in Africa, has started its operations by supplying 16 million litres of petrol to address local fuel shortages and stabilize the market. The refinery’s entry into the market was anticipated to help reduce fuel costs and reliance on imports.Responses: NNPC has expressed concerns about the pricing set by Dangote, suggesting that it may lead to inconsistencies and market instability. Meanwhile, Dangote Group defends its pricing structure as reflective of current production costs and market conditions.Impact and Next Steps: The ongoing dispute could influence petrol prices across Nigeria and affect consumer costs. Both parties are expected to engage in negotiations to resolve their differences and align on a pricing framework. The resolution of this conflict will be crucial in ensuring a stable fuel supply and fair pricing for consumers.
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