Fuel price: Oil industry mafia stronger than drug cartel

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Dangote News

Fuel Price

Aliko Dangote, the President of Dangote Group has said that the oil industry mafia is far stronger than the drug cartel. The African richest man disclosed this in a 25-minute interview with Bloomberg Television on Monday.

He also revealed that his refinery is on the verge of reaching an agreement with the Federal Government as regards the price of petroleum products from the Dangote Refinery, especially the Premium Motor Spirit. 'Well, yes, most likely,' he said while responding to the question on whether he would sell fuel cheaper to Nigerians.

You know, to make sure that this refinery doesn't work. 'Will keep selling cheaper. But right now they won't be able to sell cheaper because they will not be able to take local currency. We'll take local currency. 'We have the refining capacity not only to satisfy Nigeria, we have refining capacity that is almost twice the consumption of Nigeria, but you're also confident that you can strike a deal with authorities. 'We will definitely strike a deal.

 

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