Marketers Withdraw from Dangote Refinery Deal Amid Falling Fuel Costs
Independent petroleum marketers have backed out of a petrol supply deal with Dangote Refinery as global petrol prices plummeted, causing the fuel landing costs to crash. The deal, aimed at stabilizing domestic supply and retail pump prices, has unraveled, leading to a fresh wave of petrol import agreements.
The disagreement arose as import costs fell below Dangote's selling price, making imports more attractive. This development has highlighted the challenges faced by the Nigerian fuel market in adjusting to global price fluctuations.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
Read full article
Continue on Legit.ng
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Petrol Prices Drop to N710/Litre as Dangote's Deal Fails
Nigerian Fuel Prices May Drop as Imported Fuel Cheaper Than Dangote's, Marketers Suggest
Dangote Refinery Price War Costs Nigerian Petrol Retailers Billions in 2025
Dangote Refinery's Direct Fuel Supply to Lower Petrol Prices Nationwide
Dangote Refinery Sparks Price Cuts and Market Shift in Nigeria's Fuel Sector
Dangote Refinery Increases Petrol Prices Nationwide to Support Market Stability
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
