Monthly Subsidy: Oil marketers project a monthly subsidy of about N707 billion due to the high landing cost of petrol
Landing Cost: The landing cost of petrol is N1,117 per liter, which is the main reason for the high monthly subsidy
Dangote Refinery: The Dangote Petroleum Refinery is expected to begin petrol production in August, but the company might export the product due to crude oil supply crisis and regulatory challenges
Government Intervention: The Minister of State for Petroleum Resources, Heineken Lokpobiri, met with officials of Dangote refinery and other stakeholders to address the concerns between Dangote refinery and oil sector regulators and operators
House of Representatives: The House of Representatives inaugurated an investigative committee to look into the non-availability of crude oil to domestic refineries and allegations of deliberate hike in the cost of the product for profiteering
