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BREAKING: Fuel Price Surges to N1,030
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The price of petrol has increased to N1,030 per litre at several Nigerian National Petroleum Company Limited (NNPC Ltd) stations in Abuja as of Wednesday.According to *Premium Times*, the hike followed NNPC’s decision to end its exclusive purchasing agreement with Dangote Refinery....CONTINUE READING>>>
As a result, NNPC is no longer the sole buyer from the refinery, allowing independent marketers to negotiate prices directly with Dangote Refinery. Continue Reading>>>
This change reflects the standard approach for fully deregulated products, where refineries can sell to marketers based on a willing buyer, willing seller arrangement.
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