A Dangote official has confirmed that Nigeria's petrol and diesel prices are subsidised, revealing that the Dangote refinery is currently selling petrol at ₦1,200 per litre, which is below the market rate. This admission comes as aviation fuel prices are now aligned with market rates.
The official attributed the need for subsidies to recent spikes in crude oil prices, highlighting the refinery's role in supporting the Nigerian market amidst fluctuating fuel costs.