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MRS and AA Rano cut petrol prices, providing relief for Nigerian motorists amidst global oil price pressuresDangote Refinery’s pricing strategy influences the market, with depots adjusting rates closer to its ex-depot priceRising crude oil prices challenge the market, but competition may lead to sustained lower petrol costs for consumers
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigerian motorists are getting a fresh dose of relief as major filling stations, including Dangote Refinery-backed MRS and AA Rano, have reduced petrol pump prices following a fresh wave of price cuts at private depots.
The latest adjustments come despite renewed pressure on global crude oil prices, highlighting the growing influence of Dangote Refinery on Nigeria’s downstream petroleum market.
Relief for Nigerians at last as filling stations slash petrol prices nationwide. Credit: Bloomberg/ContributorSource: Getty Images
MRS, AA Rano reduce pump prices
A market survey conducted on Saturday showed
