…Raises concern over Dangote petrol pricing in dollars
An energy expert has called on the Federal Government to strengthen its crude-for-naira policy, expressing concern over Dangote Refinery’s pricing of petroleum products in the United States dollar.
Joseph Obele, a Lecturer at the Ignatius Ajuru University of Education, Port Harcourt, and National Public Relations Officer of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), expressed concern over the reported decision by Dangote Refinery to suspend the sale of petroleum products in naira and transition to dollar-denominated transactions.
In a statement made available to BusinessDay in Port Harcourt, Obele said that the Federal Government should rather “expand the crude-for-naira policy to ensure that domestic refineries receive sufficient crude oil to meet their production requirements.
“The Nigerian National Petroleum Company Limited (NNPCL) should allocate additional crude oil to domestic refineries to reduce dependence on imported crude and support naira-denominated transactions.
