Price War: Retailers Drop Petrol Below Dangote’s N739/Litre!

Price War: Retailers Drop Petrol Below Dangote’s N739/LitreBy Enock Damidami | Sele Media AfricaLagos/Abuja — Retailers across Nigeria have begun selling petrol at prices below ₦739 per litre, intensifying a price war in the downstream oil market triggered by major cuts from the Dangote Petroleum Refinery and competing marketers. [1]The development comes as Dangote Refinery continues to supply Premium Motor Spirit (PMS) at a pump price of ₦739 per litre through partner outlets, a move that has compelled other filling stations to reduce their prices to remain competitive. [2]Industry observers say some retailers are now pricing below the Dangote benchmark in an effort to attract customers, even as competition drives pump prices downward nationwide. Analysts note that the ongoing price adjustments have reshaped retail pricing dynamics and benefit motorists at a time of high fuel demand. [3]The petrol price war underscores the impact of deregulation and increased domestic refining capacity, which has introduced greater flexibility in pricing and intensified market competition between Dangote Refinery, the Nigerian National Petroleum Company (NNPC), and independent marketers. [4]Citations:1. Price war: Retailers drop petrol below Dangote’s N739/litre— Punch Newspapers (turn0news1) 2. Price war deepens as marketers slash petrol by N100 — Punch Newspapers (turn0news6) 3. Dangote Refinery launches nationwide PMS sales at N739/litre — TVC News (turn0news21) 4. Petrol retailers drop prices below Dangote’s rate — Legit.ng (turn0search14) 5. Fuel price war’ll benefit Nigerians, says NNPCL chief — Punch Newspapers (turn0news8)Citations:1. Punch Newspapers: punchng.com/price-war-retailers-drop-petrol-below-dangotes-n739-litre/?utm_2. Trending News: www.tvcnews.tv/dangote-refinery-launches-nationwide-pms-sales-at-n739-litre/?utm_3. Legit.ng – Nigeria news.: www.legit.ng/business-economy/energy/1691829-new-filling-station-displaces-nnpc-nigerias-cheapest-place-buy-petrol/?utm_4. Punch Newspapers: punchng.com/fuel-price-warll-benefit-nigerians-says-nnpcl-chief/?utm

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