Imported Petrol Cheaper Than Dangote Fuel in Nigeria as Landing Cost Drops
The recent data reveals a decline in the landing cost of petrol in Nigeria to N840 per litre, making imported petrol cheaper than Dangote's fuel. Dangote Refinery's depot price for petrol stands at N877 per litre, while major fill stations like Mobil are selling at N915 per litre.
Despite the drop in landing cost, depot owners are selling petrol at higher prices. The situation has raised questions about the pricing dynamics in Nigeria's oil market, with Dangote Refinery facing market control challenges.
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