President Bola Ahmed Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare, has attributed the recent reduction in petrol prices by the Dangote Refinery to the oil sector reforms introduced by the current administration.
Dare made the assertion while insisting that President
Tinubu’s reforms in the oil sector are already yielding benefits for Nigerians.
Recall that on Friday that Dangote Refinery slashed its
gantry price of petrol massively by N129 to N699 per liter from N828.
Reacting to the development on X, Dare noted that the
refinery had also introduced a 10-day credit facility for customers, supported
by bank guarantees, with a minimum purchase requirement of 500,000 liters.
He argued that the current situation in the petroleum sector
is a direct outcome of the administration’s policy decisions.
“The dividends of the oil sector reforms of the Tinubu
administration are becoming evident.
“The removal of fuel subsidy unleashed market forces and
encouraged competition. The government’s naira-for-crude policy,” Dare wrote.
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