{"id":127893,"date":"2024-08-14T21:41:50","date_gmt":"2024-08-14T20:41:50","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers"},"modified":"2024-08-14T22:49:50","modified_gmt":"2024-08-14T21:49:50","slug":"crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers","title":{"rendered":"Crude sales in Naira to Dangote Refinery, others will crash petrol price \u2013 Marketers"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Nigeria\u2019s oil marketers have said the sale of crude oil to Dangote Refinery and other local refineries in Naira would lead to a reduction in the price of petrol.<\/p>\n<p>Billy Gillis-Harry, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria disclosed this in a recent interview.<\/p>\n<p>His statement comes amid the directive by President Bola Ahmed Tinubu to the Nigerian National Petroleum Company Limited to sell crude oil to Dangote Refinery, and other local refineries in Naira.<\/p>\n<p>In follow up to the directive, the Minister of Finance, Wale Edun, on Monday met with key stakeholders, including the Chairman of Federal Inland Revenue Service, Zacch Adedeji, towards the implementation of Tinubu\u2019s directive.<\/p>\n<p>Reacting to the development, Gillis-Harry, stressed that crude sales to domestic refineries would eliminate all components of logistics costs and charges on imported crude cargoes.<\/p>\n<p>\u201cWell, I should expect the sale of crude in naira to local refineries to impact massively on the price of the refined product. This is because all the components of logistics and importation charges would have been removed. We should be able to see the benefits impact on the price of refined products,\u201d he said.<\/p>\n<p>Earlier, Adedeji said Nigeria\u2019s decision on the sale of crude in Naira will save the country an estimated $7.3 billion annually.<\/p>\n<p>This comes amid a crisis surrounding crude oil supply to Dangote Refinery and local refineries.<\/p>\n<p><strong>For More News And Analysis About Nigeria Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Nigeria\u2019s oil marketers have said the sale of crude oil to Dangote Refinery and other local refineries in Naira would lead to a reduction in the price of petrol. Billy Gillis-Harry, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria disclosed this in a recent interview. His statement [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":127891,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[2530,10513,1623,254],"class_list":["post-127893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-crude-oil","tag-dangote-refinery","tag-naira","tag-nigeria"],"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>Crude sales in Naira to Dangote Refinery, others will crash petrol price \u2013 Marketers - Nigeria<\/title>\n<meta name=\"description\" content=\"Nigeria\u2019s oil marketers have said the sale of crude oil to Dangote Refinery and other local refineries in Naira would le ...\" \/>\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\/economy\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crude sales in Naira to Dangote Refinery, others will crash petrol price \u2013 Marketers\" \/>\n<meta property=\"og:description\" content=\"Nigeria\u2019s oil marketers have said the sale of crude oil to Dangote Refinery and other local refineries in Naira would le ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-14T20:41:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-14T21:49:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1723659572.162176.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"872\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Crude sales in Naira to Dangote Refinery, others will crash petrol price \u2013 Marketers\",\"datePublished\":\"2024-08-14T20:41:50+00:00\",\"dateModified\":\"2024-08-14T21:49:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers\"},\"wordCount\":258,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/08\/sm_1723659572.162176.jpg\",\"keywords\":[\"crude oil\",\"Dangote refinery\",\"naira\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/crude-sales-in-naira-to-dangote-refinery-others-will-crash-petrol-price-marketers\",\"name\":\"Crude sales in Naira to Dangote Refinery, others will crash petrol price \u2013 Marketers - 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