- Crude oil refiners in Nigeria have provided insight into the current rise in petrol prices across filling stations.
- The development comes despite the Dangote Refinery and Port Harcourt Refinery commencing production.
- The operators explained that the high petrol prices are due to the dollar exchange rate in the foreign exchange market
Dave Ibemere, a journalist at Legit.ng, has been reporting on business for over ten years. He has deep knowledge of the Nigerian economy, stock market, and general market trends.
Refineries and stakeholders in Nigeria’s downstream petroleum sector have shed light on the reasons why petrol prices remain above N1,000 per litre, despite the commencement of production at the Dangote and Port Harcourt Refineries.
