‎Vanguard News reports that the Dangote Refinery’s new petrol price of ₦877 per litre has intensified Nigeria’s fuel market competition and economic tension.

‎Dangote Refinery Resumes Bulk Petrol Sales at ₦877 per Litre, Intensifying Market Price War ‎ ‎

The Dangote Refinery has resumed bulk petrol sales at ₦877 per litre, up from its previous price of ₦820, sparking a renewed price war across Nigeria’s downstream oil sector.

‎According to Vanguard News, this sudden price adjustment has placed depot owners under heavy pressure, as competition tightens and profit margins shrink. Industry observers say the move could reshape the market, forcing smaller players to reconsider their pricing strategies.

‎Analysts note that while Dangote’s decision aims to stabilize supply, it also highlights the volatility of Nigeria’s fuel market amid ongoing economic reforms and currency fluctuations.

‎Source: Vanguard News

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