Petrol Import Costs Drop Below Dangote Refinery Price in Nigeria
The article discusses how petrol import costs in Nigeria have fallen below the price set by Dangote Refinery, leading to adjustments in local petrol prices. Dangote Refinery raised its pump price to N699-N799 per liter, making locally refined petrol 70 naira more expensive than imported products.
The refinery attributed the price change to a modest realignment after the festive season and temporary price reductions to ease financial pressures during the holidays. The Nigerian Midstream Downstream Petroleum Regulatory Authority (NMDPRA) data showed a decline in petrol imports, with Dangote Refinery's supply increasing within the same period.
Nigeria Petroan warned stakeholders to ensure fair competition and avoid market dominance by Dangote. The refinery reaffirmed its commitment to market stability and uninterrupted nationwide petrol supply.
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
Dangote Refinery Increases Petrol Price in Nigeria Amid Market Stability Concerns
Nigeria Reduces Petrol Prices After Dangote Refinery Cuts Rates
Dangote Refinery Cuts Petrol Prices Nationwide, Diesel Prices Also Reduced
Dangote Refinery Raises Petrol Price to N995 per Liter
Dangote Refinery Lowers Petrol and Diesel Prices
Petrol Prices in Nigeria May Reach N1,000 per Litre
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
