The speculated price attributed to the Independent Petroleum Marketers Association of Nigeria is predicated on the belief that the $20bn refinery would crash the price of petrol if it gets crude supply support from the Federal Government.
Petrol currently sells at ₦700/litre at many independent marketers’ stations while the official price from the Nigerian National Petroleum Company Limited (NNPCL) is around ₦570/litre.
IPMAN believes it is not outrageous if Dangote Refinery sells the product between ₦600 and ₦650/litre.
