Dangote Refinery Begins Naira Sales, Marketers Predict Cheaper Petrol

The Dangote Refinery has started selling Premium Motor Spirit (PMS) in naira, a move that is expected to ease dollar scarcity issues and potentially lead to reduced fuel prices across the country. Marketers have welcomed the development, predicting that petrol prices will drop nationwide.

According to reports, the Dangote Refinery has begun selling PMS in naira to marketers, marking a significant shift in the way fuel is sold in the country. The move is expected to reduce the demand for dollars and ease the pressure on the naira, which has been under stress in recent times. With the refinery now selling PMS in naira, marketers are optimistic that fuel prices will drop, bringing relief to consumers who have been struggling with high fuel costs.

The Dangote Refinery’s decision to sell PMS in naira is a significant development in the country’s fuel market. The refinery, which is one of the largest in Africa, has been producing petrol and other petroleum products for some time now. However, the sale of PMS in naira is a new development that is expected to have a positive impact on the country’s economy. By selling PMS in naira, the refinery is reducing the demand for dollars, which is expected to ease the pressure on the naira.

Marketers have welcomed the move, saying it will help to reduce fuel prices and make it easier for them to do business. According to a marketer, the sale of PMS in naira will help to reduce the cost of importing fuel, which will in turn lead to lower fuel prices. The marketer also noted that the move will help to boost the country’s economy by reducing the demand for dollars and easing the pressure on the naira.

The development is also expected to have a positive impact on the country’s economy. With the refinery now selling PMS in naira, the demand for dollars is expected to reduce, which will ease the pressure on the naira. This is expected to have a positive impact on the country’s economy, as a stable currency is essential for economic growth and development. Overall, the Dangote Refinery’s decision to sell PMS in naira is a significant development that is expected to have a positive impact on the country’s economy and fuel market.