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Author Topic: FX intervention will crash Nigerian petrol price to below N600 per liter  (Read 4503 times)

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Offline bellanaija

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FX intervention will crash Nigerian petrol price to below N600 per liter
« on: September 23, 2024, 09:08:18 AM »
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Crude Oil Refiners Association of Nigeria, CORAN, has told the Nigerian Government to peg foreign exchange at N1000 per dollar to crash the price of Dangote Refinery?s petrol to below N600 per liter.

The spokesperson of CORAN, Eche Idoko disclosed this in a statement.

He was speaking amid the current hike in the pump of petrol to between N950 and N1,100 per liter in Nigeria.


This comes as the Nigerian National Petroleum Company Limited announced a fresh petrol price hike last week across its retail outlets following the lifting of Dangote Petrol.

The State-owned firm had justified the petrol price hike on the cost of Dangote fuel which was sold at N898 per litre.

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