Petrol pump price will fall in this 2024 as government & private owned refineries begin production–CBN Governor Yemi Cardoso
Central Bank of Nigeria, CBN, Governor, Yemi Cardoso, has said the pump price of petrol will fall in 2024
Cardoso explained that the fall in the price of petrol would be due to government and private-owned refineries that commenced operation.
He spoke on Wednesday, January 24, at the launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report in Lagos
The CBN governor said the expected “stabilisation or reduction in fuel costs is poised to have far-reaching implications across various sectors, contributing significantly to overall economic efficiency and resilience”.
While Dangote Refinery has already commenced operations, the Port Harcourt Refinery is expected to begin production soon.
