Oil marketers have declared that the Dangote Petroleum Refinery and others in Nigeria may raise the pump price of petrol to N1,500 per litre once there is an outright ban on fuel importation.
While the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Udadike, affirmed this, the Petroleum Products Retail Outlet Owners Association of Nigeria said PETROAN could not predict any price, but stressed that there will be a surge in price if the Federal Government stops fuel importation.
However, officials of the Dangote refinery dismissed the projection, saying the marketers made the claims to justify their intention to continue importing “substandard” fuel.
The PUNCH reports that the marketers spoke amid concerns that President Bola Tinubu might ban fuel importation as part of his ‘Nigeria First Policy’, which ordered government agencies to stop the importation of products that can be produced locally.