Private Depots Slash Fuel Prices, Compete with Dangote Refinery in Nigeria

Private fuel depots in Nigeria have slashed prices of petroleum products, including diesel and petrol, intensifying competition with Dangote Refinery. Prices at various depots have dropped to around N958 per liter for diesel and slightly lower than Dangote Refinery's N960 per liter for petrol.

This price adjustment signals a new phase of competition in the market, with depots strategically pricing their products to compete with Dangote Refinery's growing market influence. The rivalry among depot owners, including MAO, MENJ, TMDK, and DUPORT, aims to retain market relevance and potentially benefit consumers with lower fuel prices.