Table of Contents
- Introduction
- Statement from Sunday Dare
- Petrol Price Reduction
- Credit Facility for Customers
- Conclusion
President Bola Ahmed Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare, has credited the recent decrease in petrol prices by the Dangote Refinery to the oil sector reforms implemented by the current administration.
Dare made this statement while emphasizing that President Tinubu’s reforms in the oil sector are already providing advantages for Nigerians.
Recall that DAILY POST reported on Friday that prices fell significantly by N129 to N699 per liter from N828.
In response to this development on X, Dare mentioned that the refinery has also introduced a 10-day credit facility for customers, supported by bank guarantees, with a minimum purchase requirement of 500,000 liters.
He argued that the current state of the petroleum sector is a direct result of the administration’s policy choices.
“The benefits of the oil sector reforms under the Tinubu administration are becoming clear.
“The elimination of the fuel subsidy has unleashed market forces and fostered competition. The government’s naira-for-crude policy,” Dare wrote.
Frequently Asked Questions
What caused the recent decrease in petrol prices?
The recent reduction in petrol prices has been attributed to the oil sector reforms introduced by President Bola Ahmed Tinubu's administration.
What is the new credit facility introduced by the Dangote Refinery?
The Dangote Refinery has introduced a 10-day credit facility for customers, requiring a minimum purchase of 500,000 liters and supported by bank guarantees.
Eze Chidiebere Paul
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