Africa’s Largest Refinery Could Soon Be Allowed to Set Its Own Gasoline Prices

Nigeria could soon let its new refinery, Africa’s biggest crude processing facility, set the price of gasoline it sells to marketers in a major shift of policy control over fuel prices, officials familiar with the plans told Bloomberg on Thursday. As of next month, the Dangote refinery – which has yet to produce gasoline – could begin setting the price of the fuel it is selling to marketers, according to Bloomberg’s anonymous sources. Nigeria has so far imported all the gasoline it consumes. The government has been subsidizing…