Nigerian Petrol Prices Drop Amidst Competition in Oil Market
The Nigerian petrol market sees a price drop as major retailers like Nipco, AA Rano, and Eterna reduce pump prices to as low as N940 per liter. Dangote's station, however, maintains its prices.
The land cost for petrol has decreased to N827.04 per liter, impacting the market dynamics. Yusuf Othman of NARTO notes the advantages of Dangote's direct fuel distribution strategy.
This move signifies ongoing competition in the oil and gas sector in Nigeria.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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