What is the faith of Nigeria's in the price of petroleum in 2024?
If you ask me, then I will say that we should not expect any possibility of price reductions in the price of fuel, if the dollar rate Vs Naira keep increasing at the current level and limits, this is what affects most of the things, because even the Dangote refinery still have some crude oil supplies issues with the Nigeria government and if care is not taking the refinery may kick up with an imported crude oil for refining and if that becomes the case, it then means that, we may likely going to buy the fuels at the international rate when his refinery starts operations.
And as long as he imports we can buy at domestic price, and even the government own refinery that they said it has been revitalise is still not operational, so what exactly will drag the price down?
So we need to wake up to reality and face it, let try to caught cost and also making sure that we have extra savings so as to stand against the harsh economy as result of hike in fuel price.