Tag: petrol
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Despite a decline in crude oil prices, Nigerian petrol stations have increased pump prices to N900 per litre and above, with some outlets selling as high as N925. This price hike has occurred across Lagos, Ogun, and other regions, even though crude prices dropped from nearly $69 to $66 per barrel. According to reports, Major…
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Importers of petrol in Nigeria have lowered their prices below those offered by the Dangote Petroleum Refinery, sparking increased competition. While Dangote’s refinery sells at around N820 many importers are reducing prices to stay competitive, with some depots selling at N815 per litre. Dangote has however, criticized this price competition, claiming it undermines…
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Despite the Dangote Petroleum Refinery reducing its ex-depot petrol price from N880 to N840 per litre on June 30, many fuel marketers are hesitant to lower their pump prices, fearing potential losses. Marketers explained that they could only consider price reductions after selling off their existing stock purchased at higher prices, around N900 per litre.…
