The Depot and Petroleum Products Marketers Association (DAPPMAN) has given conditions for crashing fuel prices at filling stations. The association says it will consider reducing fuel prices if the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petroleum Refinery agree to the following conditions:
Conditions for Crashing Fuel Prices
1. Price Reduction: Dangote Refinery and NNPCL must reduce the price at which they sell fuel to oil marketers.
2. Increased Supply: Dangote Refinery must increase its production to meet the demand for fuel in the country.
3. Partnership with Oil Marketers: Dangote Refinery and NNPCL must partner with oil marketers to ensure that fuel is sold at affordable prices.
4. Stable Exchange Rate: The Central Bank of Nigeria (CBN) must ensure a stable exchange rate to prevent fluctuations in fuel prices.
