Dangote Refinery's Output Cut Triggers Petrol Price Surge in Nigeria

Dangote Refinery's decreased crude oil purchases have caused a slowdown in production, affecting petrol supply and prices nationwide. The refinery's output cut has led to petrol prices rising at depots and retail stations, with prices ranging from N865 to N950 per liter.

Other major players like NNPC, Ardova, and TotalEnergies are also adjusting their prices accordingly. This development is expected to influence the local fuel market and potentially create supply shortages, impacting consumers and businesses.