Crude truths: Energy expert explains why fuel prices stay high despite local refining
Despite Nigeria’s push for domestic refining with the commissioning of the Dangote Refinery and others, pump prices for Premium Motor Spirit (PMS) remain high across the country.
This situation has left many Nigerians questioning why petrol remains expensive even though it is now being refined within the country.
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Energy economist Kaseem Abidemi Obakhume, in an analysis sent to Legit.ng, outlined the multiple cost drivers and macroeconomic conditions that explain this trend.
He noted that while domestic refining reduces some elements in…READ ORIGINAL & FULL CONTENT HERE
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