The Nigerian National Petroleum Company Limited (NNPCL) has published a breakdown of estimated petrol prices sourced from the Dangote Refinery for its retail stations in Lagos and other states across the country.
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However, the experts said though the behemoth refinery is located in Lagos, Nigeria, the input cost for the operationalisation of the $20 billion facility is import-dependent, adding that the volatility of the foreign exchange rates might make it difficult for any marginal reduction in the prices of the premium commodities.