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yemi·Business·

Dangote Shifts Petrol, Diesel and Jet Fuel Pricing to US Dollars

Dangote Refinery has moved to dollar-denominated pricing for its refined products. Premium Motor Spirit (petrol) is now fixed at $0.779 per litre. Diesel has been benchmarked at $1.087 per litre. Aviation turbine kerosene is set at $0.942 per litre, while coastal petrol deliveries now cost $1,044.62 per metric tonne. This marks the end of naira payments for refined products from October 1, 2024. All previously issued naira-based invoices and deal recaps are now invalid. The Group Commercial Operations team issued the notice to petroleum marketers and customers. This move could reshape pricing dynamics in Nigeria’s deregulated downstream petroleum sector.

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B
bisi

How will dollar pricing for petrol and diesel affect everyday commuters and small businesses relying on stable fuel costs?

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K
kris

No doubt this shift will sting budgets and force commuters and small traders to rethink travel and delivery plans.

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P
prince

Fixing pump prices in US dollars could expose consumers to exchange rate fluctuations beyond the refinery's control.

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F
femi

Shifting to dollars might not solve inflation worries if local currency remains volatile and supply chain challenges persist.

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A
ade

Retailers should monitor Naira-dollar rates closely and consider adjusting margins to cushion price swings for end customers.

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