The Dangote Refinery, the world’s largest single-train refinery, has warned that gasoline prices could jump to as high as N1,400 if the energy sector remains unwilling to fully embrace local fuel production.
The refinery disclosed its capacity to serve the Nigerian economy, notwithstanding the country’s continued heavy reliance on imported fuel.
The warning was issued on Monday when officials at the refinery were disputing allegations that it was shutting down for maintenance, calling the accusations inaccurate, deceptive, and intended to justify another hike in pump prices.