President of Dangote Group Aliko Dangote has stated that no fuel station in Nigeria should sell petrol above 739 naira per litre.
Dangote made the statement while addressing journalists on the impact of local refining on fuel pricing.
He explained that with increased domestic refining and reduced import costs prices should stabilize across the country.
Dangote said arbitrary pricing by marketers places unnecessary pressure on consumers already affected by economic challenges.
He called on regulators to enforce price compliance and protect Nigerians from exploitation.
Energy experts say local refining could significantly reduce fuel scarcity and price volatility.
Motorists across major cities have welcomed the statement calling for immediate government action.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has assured the public of ongoing monitoring.
Analysts believe sustained local production is key to long term fuel affordability.
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