Aliko Dangote, president of Dangote Group, discussed factors influencing petrol prices. He mentioned that global crude oil prices affect domestic refining costs. The refinery purchases crude at international market rates, which can include significant premiums. This makes it challenging to set prices below market levels.

Dangote's comments were made during an interview. He also addressed concerns about the cost of fuel, suggesting that prices are relative. Neighboring countries have higher petrol prices.

Further information on Dangote's remarks is available from the source. His statements provide insight into the complexities of petrol pricing.