Nigeria’s 650,000 b/d Dangote refinery has begun selling gasoline domestically, with state-owned NNPC as the sole buyer. NNPC is paying Dangote in US dollars for September gasoline deliveries, with a crude-for-gasoline swap starting in October to be settled in naira.
The refinery’s ex-refinery price for gasoline is set at $736/t, or 898.78 naira/litre ($0.55/l), with a retail price of N950.22/l in Lagos, reflecting recent price hikes…
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