…Higher pump prices ahead
…More pressure seen on naira
The federal government's signature naira-for-crude arrangement is showing signs of strain as Dangote Petroleum Refinery has stopped selling petrol, diesel and jet fuel for naira, moving all product sales to dollars in a pricing decision that threatens to push pump prices higher across Africa’s biggest oil-producing country.
The 650,000-barrel-a-day refinery has moved all sales of Premium Motor Spirit, Automotive Gas Oil and Aviation Turbine Kerosene onto a dollar-
