Dangote Refinery Bypasses Depots, Slashes Petrol Prices, Sparks Market Competition

Dangote Refinery has started selling premium motor spirit directly to independent oil marketers in Nigeria, avoiding traditional depot systems. The move allows for closer product distribution to fill stations, with pricing adjustments based on international benchmarks.

This shift has led to a substantial reduction in petrol prices, triggering a price war in the market. Despite facing losses, Dangote Refinery has emerged as a key player in the oil and gas sector, impacting market dynamics significantly.