Fuel Price War Erupts in Nigeria as Dangote Slashes Petrol Prices by N100

In Nigeria, downstream oil market competition escalates as Dangote Petroleum Refinery resumes free nationwide petrol delivery, prompting a fuel price war. Marketers reduce prices by N100 per liter, with Dangote selling at N699 per liter.

The move forces other stations to lower prices below cost to retain customers. Despite market intelligence suggesting higher prices, Dangote enforces a maximum price of N740 per liter nationwide.

This action triggers adjustments in prices across various stations, impacting the sector's deregulation and competition dynamics.