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Dangote Refinery adjusts petrol prices amid competitive pressure from depot operators, lowering their ratesEnergy experts predict further reductions as declining crude prices influence market dynamicsOngoing import dispute raises questions about the future of local refining and fuel supply in Nigeria
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s downstream petroleum sector is witnessing a renewed petrol price war as Dangote Refinery moves to match the latest pricing by depot operators in a bid to remain competitive.
The development comes after several fuel depots reduced their petrol prices below Dangote Refinery’s ex-depot rate, forcing Africa’s largest refinery to adjust its pricing strategy amid growing competition.
Dangote Refinery takes on depot owners with fresh petrol prices. Credit: Bloomberg/ContribtutorSource: Facebook
Dangote responds to market pressure
To maintain its market position, Dangote Refinery has announced a fresh ex-depot petrol price of N1,252 per litre, bringing its rate in
