NNPC CEO Addresses Dangote Refinery's Price War in Nigeria's Oil Sector

The Nigerian National Petroleum Corporation (NNPC) CEO, Bayo Ojulari, discusses the ongoing price war between Dangote Refinery and marketers in Nigeria's oil and gas industry. He assures consumers of favorable market conditions and predicts stabilization over time.

The Petroleum Industry Act (PIA) has shifted NNPC's role to a separate regulatory entity, allowing for market competition and price adjustments. This development follows a significant drop in petrol prices driven by competition, with Dangote Refinery reducing prices, benefiting consumers.