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Several private depot operators in Nigeria slashed petrol prices by as much as N35 per litre, pushing closer to Dangote Refinery’s rateThe price cuts come one week after Dangote Refinery reduced its petrol price by N50, intensifying competition in the downstream sectorExperts linked the reductions to volatility in the global crude oil market, which has been shaped by rising geopolitical tensions
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Private petroleum depots in Nigeria have further reduced their petrol prices by as much as N35 per litre, intensifying competition in the downstream oil market and putting pressure on other suppliers to review their rates.
The latest reductions have brought some depot prices closer to the rate offered by Dangote Refinery, which recently cut its petrol price by N50 per litre.
Nigerians to buy petrol cheaper as depots take on Dangote Refinery with price
