Dangote Refinery Raises Petrol Price to N838/Litre, Market Competition Intensifies

Dangote Refinery has announced a new petrol price of N838 per litre, slightly higher than the previous rate of N832 per litre. This adjustment aligns with market competition, with other private depot operators also making price changes.

The refinery aims to reduce the reliance on middlemen by supplying petrol directly to filling stations, promoting competitive market rates. Analysts anticipate independent marketers to adjust their prices accordingly.

The move signifies a shift towards market-driven pricing in the petroleum sector, with Dangote Refinery striving to offer competitive rates and streamline the supply chain.