Dangote Refinery’ll Sell Petrol At International Price – Ahmed
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said when Dangote Refinery kicks off next year, it may not significantly reduce the price of petrol because the refinery will be selling at the international price.
Mrs Ahmed said this is because the refinery is located at the Export Processing Zone in Lagos State.
The minister spoke on NTA’s ‘Good Morning Nigeria’ programme on Monday, adding that the only thing Nigeria would not need to pay is shipping cost.
Mrs Ahmed said: “What we are doing is enabling the petroleum sector to actually grow. There have been a number of refineries that have been licensed for several years. None of them was willing to start refining under the regime that we had were fuel was controlled.