The President of the Dangote Group, Aliko Dangote, has revealed that most Nigerians are unaware that they currently pay 55 per cent of what other West African countries pay for Premium Motor Spirit (petrol).
He stated this during a high-level visit to the 650,000 barrels-per-day facility by the President of the Economic Community of West African States Commission, Dr Omar Touray, and his team, according to a statement by the Dangote Group on Sunday.
Dangote also said his refinery had aided the reduction of fuel prices by selling petrol between N815 and N820 per litre, stressing how the refinery has helped Nigeria to bring down the cost of refined products and production costs across many sectors of the economy.
Dangote however emphasised that price reduction was a direct result of local refining, which he said continued to improve fuel affordability while enhancing energy security and reducing dependence on imports.
