See why expert describes petrol pricing calculations in Nigeria as fraudulent

  • An industry expert has criticized the quoted prices for landing costs, describing them as fraudulent in defence of the Dangote Refinery
  • He believes marketers should have no reason to keep importing petrol when a local refinery produces more than enough
  • The cost of petrol has been a burden to Nigerians over the past year, with average pump prices now above N1,1000

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

An energy sector expert, Kelvin Emmanuel, has described Nigeria’s current petrol pricing calculations as fraudulent.