Nigerian Petrol Price War: Marketers Undercut Dangote, Sell Below N739/L
The battle for market share in Nigeria's downstream petroleum sector has escalated, with several fuel stations slashing pump prices below N739 per litre to compete with Dangote. Marketers are selling premium motor spirit (petrol) at lower rates, with outlets like NIPCO selling at N738 per litre and others even lower.
This price war is reshaping competition among market players, with Dangote's refinery absorbing losses to maintain competitiveness. The move has led to intense competition, with motorists flocking to stations offering the lowest prices.
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