Ahead of Dangote Refinery's commencement of Premium Motor Spirit, known as petrol, supply in the Nigerian market, marketers and energy experts in Nigeria's oil and gas industry have ruled out expectations that it will lead to a price crash. This comes as the Chairman of the Lagos-based Refinery, Aliko Dangote recently shifted the date to commence fuel supply to mid-July 2024 from its earlier projected June.
This said, it is doubtful that Dangote's fuel will enjoy any form of subsidy by the Federal Government', he said. According to him, the reason the fuel pump price stood at N700 per liter is because a subsidy was applied. 'There is nothing like quasi-fuel subsidy, the subsidy is applied, it is applied. The only thing is that Nigerians deserve to know the value of the fuel subsidy spent.