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How Dangote Refinery Controls Fuel Prices in Nigeria Better Than NNPC
Summary by Within Nigeria
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How Dangote Refinery Controls Fuel Prices in Nigeria Better Than NNPC
When Nigeria removed its petrol subsidy in May 2023, many Nigerians braced for years of expensive, unpredictable fuel. What few anticipated was that a private refinery in Lekki, Lagos would become the most powerful force shaping pump prices across the country within just three years. The Dangote Petroleum Refinery has done more than just produce fuel. It has fundamentally restructured the competitive dynamics of Nigeria’s downstream petroleum ma…
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