Dangote Refinery has been announced to start refining petroleum products and their are many sources that said they have received some crude oil from different oil field but guess what, the people that deliver the crude oil is a private company that belong to the foreigners and not national, so if Dangote is to pay this people that supplied the crude oil, it is going to be in dollars and not in Naira. This means even Dangote will be spending more dollars to received the crude oil to be able to still refine for Petroleum products. This will be having pressure on Naira while the dollar will be appreciating.

So many people are expecting petrol price to reduce because Dangote is refining petroleum products that will not happen, not even now because they are only producing Aviation fuel and diesel for now, they are yet to make any production of Petro fuel. So our reserve will remain short for now until they start production of Petro but even if they produce, don't expect the price to reduce that much, you should be expecting something within the range of + or -100 at least or most.