Dangote Petroleum Refinery has warned that continued reliance on coastal logistics for distributing petrol could push pump prices to as high as N1,000 per litre if the additional costs are passed on to consumers.
The warning was contained in a statement issued by the refinery on Thursday, where it outlined the cost implications of evacuating petroleum products via ships rather than pipelines or land-based infrastructure.
According to the company, while marketers are free to choose their preferred evacuation method, coastal logistics comes with significant cost burdens that could undermine recent gains from local refining.