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Dangote Refinery Keeps Cutting Prices – But Who Is Really Paying for This?

M

4 months ago

Four price cuts in one month, yet they admit they are still processing crude bought at over $124 per barrel. Either Dangote is running a charity, or the margins on this business are something else entirely. Meanwhile, neighbouring countries are still paying more than us. So is this genuine market competition finally working, or is this a calculated move to kill off every other importer before the real price hike comes?
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