Petroleum marketers project pump prices will drop nationwide as Dangote Refinery further reduces its ex-depot rate for petrol, reinforcing expectations of lower retail prices amid ongoing downstream deregulation.
- Dangote Refinery offered a ₦10 refund on PMS sold at ₦835/litre, pushing depot rates further down.
- Partnering stations like MRS, Heyden, and Ardova may revise pump prices to ₦900/litre by midweek.
- IPMAN and PETROAN say repeated cuts reflect deregulated market forces but warn of instability risks.
A staffer at MRS in Abuja confirmed price cuts are imminent, saying the new ₦900/litre rate could take effect by Thursday. Meanwhile, PETROAN raised concerns over erratic pricing, urging for more stability to protect both businesses and consumers.
As competition between Dangote and NNPCL reshapes pricing, will consumers truly benefit from sustainable affordability—or are price wars a short-term fix in a fragile market?
