The Digest:
A fierce price war has broken out in Nigeria’s petroleum sector, with some retailers selling petrol below the N739 per litre benchmark set by the Dangote Refinery. As competition intensifies, motorists are benefiting, but marketers warn of mounting losses in a storm of market-driven pricing.
Key Points (7 bullets):
- Some filling stations now sell petrol below N739/litre, undercutting Dangote’s recommended price.
- NIPCO sells at N738, SAO at N735, and Akiavic at N737 per litre.
- Dangote reduced its gantry price from N828 to N699 in December 2025.
- The landing cost of imported petrol averages N762.38 per litre.
- Marketers are selling below cost to retain market share amid stiff competition.
- IPMAN warns that stations refusing to lower prices will lose customers.
- Dangote Refinery now loads 31–48 million litres of PMS daily, scaling up supply to 1.5 billion litres monthly.
Sources:: The PUNCH
