{"id":105855,"date":"2023-12-31T19:24:20","date_gmt":"2023-12-31T18:24:20","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane"},"modified":"2023-12-31T22:57:48","modified_gmt":"2023-12-31T21:57:48","slug":"dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane","title":{"rendered":"\u2018Dangote, Port Harcourt refineries won\u2019t reduce fuel price\u2019 \u2013 Rewane"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said that Port Harcourt refinery, Dangote refinery, and the others will only guarantee supply and not make the exchange rate any better.<\/p>\n<p>Appearing on Channels Television\u2019s End of the Year Special, Rewane was asked if the price of fuel would fall since it would now be produced within the country.<\/p>\n<p>According to him: \u201cIt will not bring down the prices but will guarantee you supply. It would reduce the transportation cost of taking crude to Amsterdam, refining and bringing it back; that\u2019s all.<\/p>\n<p>\u201cIt would guarantee you supply to the extent that the product is always available. Significantly, it would increase productivity but it\u2019s not a silver bullet that would do anything and it\u2019s not going to do exchange rate any better.\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said that Port Harcourt refinery, Dangote refinery, and the others will only guarantee supply and not make the exchange rate any better. Appearing on Channels Television\u2019s End of the Year Special, Rewane was asked if the price of fuel would fall [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":105853,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,254,3328],"class_list":["post-105855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-rewane"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u2018Dangote, Port Harcourt refineries won\u2019t reduce fuel price\u2019 \u2013 Rewane - Nigeria<\/title>\n<meta name=\"description\" content=\"The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said that Port Harcourt refinery, Dan ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Dangote, Port Harcourt refineries won\u2019t reduce fuel price\u2019 \u2013 Rewane\" \/>\n<meta property=\"og:description\" content=\"The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said that Port Harcourt refinery, Dan ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-31T18:24:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-31T21:57:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704043395.427601.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1359\" \/>\n\t<meta property=\"og:image:height\" content=\"906\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"\u2018Dangote, Port Harcourt refineries won\u2019t reduce fuel price\u2019 \u2013 Rewane\",\"datePublished\":\"2023-12-31T18:24:20+00:00\",\"dateModified\":\"2023-12-31T21:57:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane\"},\"wordCount\":159,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1704043395.427601.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"Rewane\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/dangote-port-harcourt-refineries-wont-reduce-fuel-price-rewane\",\"name\":\"\u2018Dangote, Port Harcourt refineries won\u2019t reduce fuel price\u2019 \u2013 Rewane - 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