Nigerian Petrol Prices Drop as Dangote Refinery Sparks Competition

Petrol prices in Lagos, Abuja, and Kano are trending downward after Dangote Refinery cut ex-depot prices, prompting other players like MRS, Conoil, Ardova, and Heyden to adjust pump prices. Dangote Refinery's move to sell at N125 per liter in Lagos has triggered a price war, with some stations selling as low as N739 per liter.

While the impact is not yet uniform, the market is expected to see further price cuts as competition intensifies.