Dangote Petroleum Refinery has reduced its petrol gantry price to N825 per litre, signaling intensified competition in Nigeria’s downstream sector. This marks the second price drop in a month as the refinery seeks market dominance.
- The price of Premium Motor Spirit has been reduced from N835/litre to N825/litre at Dangote’s refinery.
- In April, the price was lowered from N865/litre, indicating a steady downward trend.
- The move aimed at delivering more value to customers while boosting the market leadership position.
For many Nigerians grappling with fuel costs, the drop, though slight, is a welcome sign in a subsidy-free economy. Commercial transporters and small businesses, especially, hope it signals a broader trend toward affordability.
As competition increases, will more refineries join in lowering prices to ease the burden on consumers? Nigerians will be watching the next move in the fuel price chess game.
