{"id":142697,"date":"2024-08-13T11:15:22","date_gmt":"2024-08-13T10:15:22","guid":{"rendered":"https:\/\/newsdigest.ng\/?p=142697"},"modified":"2024-08-13T11:15:22","modified_gmt":"2024-08-13T10:15:22","slug":"petrol-prices-could-drop-to-n600-per-liter-with-dangote-refinery-marketers","status":"publish","type":"post","link":"https:\/\/thepublicpulse.ng\/?p=142697","title":{"rendered":"Petrol Prices Could Drop to N600 per Liter with Dangote Refinery \u2013 Marketers"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Nigeria\u2019s oil marketers have suggested that petrol prices might fall to between N600 and N650 per liter once the Dangote Refinery begins operations, depending on production costs.<\/p>\n<p>Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, shared this insight in a statement on Monday.<\/p>\n<p>His remarks follow recent reports that the $20 billion refinery might not start fuel production in mid-August 2024 as previously anticipated by Dangote Group&#8217;s president, Aliko Dangote.<\/p>\n<p>Fashola highlighted that a shortage in crude oil supply remains a significant challenge for the Lagos-based refinery.<\/p>\n<p>He noted that the current official petrol price from the Nigerian National Petroleum Company Limited (NNPC) is N570 per liter, while private depots are selling it for around N700 per liter.<\/p>\n<p>He expressed hope that once the Dangote Refinery starts supplying fuel, prices could potentially drop to between N600 and N650 per liter, depending on production costs.<\/p>\n<p>Fashola added, \u201cThe official rate from NNPC is about N570 per liter, but private depots are charging N700 or more. We are optimistic that Dangote\u2019s price could be around N600 or N650 per liter. The final price will depend on their production costs.\u201d<\/p>\n<p>Recently, there has been a dispute between the Dangote Refinery and the Nigerian Upstream Petroleum Regulatory Commission concerning the allocation of 26 million barrels of crude oil.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Nigeria\u2019s oil marketers have suggested that petrol prices might fall to between N600 and N650 per liter once the Dangote Refinery begins operations, depending on production costs. Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, shared this insight in a statement on Monday. His remarks follow recent reports [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":115201,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[20],"tags":[],"class_list":{"0":"post-142697","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-the-nation"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Petrol Prices Could Drop to N600 per Liter with Dangote Refinery \u2013 Marketers - The Public Pulse<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thepublicpulse.ng\/?p=142697\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petrol Prices Could Drop to N600 per Liter with Dangote Refinery \u2013 Marketers - The Public Pulse\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Nigeria\u2019s oil marketers have suggested that petrol prices might fall to between N600 and N650 per liter once the Dangote Refinery begins operations, depending on production costs. Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, shared this insight in a statement on Monday. His remarks follow recent reports [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepublicpulse.ng\/?p=142697\" \/>\n<meta property=\"og:site_name\" content=\"The Public Pulse\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-13T10:15:22+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/#\\\/schema\\\/person\\\/1fb42c58cb339b5132f7001c2a48077c\"},\"headline\":\"Petrol Prices Could Drop to N600 per Liter with Dangote Refinery \u2013 Marketers\",\"datePublished\":\"2024-08-13T10:15:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697\"},\"wordCount\":233,\"image\":{\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"The Nation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697\",\"url\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697\",\"name\":\"Petrol Prices Could Drop to N600 per Liter with Dangote Refinery \u2013 Marketers - The Public Pulse\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2024-08-13T10:15:22+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/#\\\/schema\\\/person\\\/1fb42c58cb339b5132f7001c2a48077c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/?p=142697#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepublicpulse.ng\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Petrol Prices Could Drop to N600 per Liter with Dangote Refinery \u2013 Marketers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/#website\",\"url\":\"https:\\\/\\\/thepublicpulse.ng\\\/\",\"name\":\"The Public Pulse\",\"description\":\"breaking news that matters\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepublicpulse.ng\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepublicpulse.ng\\\/#\\\/schema\\\/person\\\/1fb42c58cb339b5132f7001c2a48077c\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/60c13b341a258564c1ea64f00fb1e0ff41a1a00f761c465c31fc4b112b217550?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/60c13b341a258564c1ea64f00fb1e0ff41a1a00f761c465c31fc4b112b217550?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/60c13b341a258564c1ea64f00fb1e0ff41a1a00f761c465c31fc4b112b217550?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\\\/\\\/thepublicpulse.ng\"],\"url\":\"https:\\\/\\\/thepublicpulse.ng\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Petrol Prices Could Drop to N600 per Liter with Dangote Refinery \u2013 Marketers - The Public Pulse","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thepublicpulse.ng\/?p=142697","og_locale":"en_US","og_type":"article","og_title":"Petrol Prices Could Drop to N600 per Liter with Dangote Refinery \u2013 Marketers - The Public Pulse","og_description":"&nbsp; Nigeria\u2019s oil marketers have suggested that petrol prices might fall to between N600 and N650 per liter once the Dangote Refinery begins operations, depending on production costs. 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