The price now stands at 835 Naira per liter, roughly equivalent to 52 U.S. cents. Industry analysts suggest that this aggressive pricing strategy aims to capture market share, undercut the cost of imported fuel, and apply downward pressure on domestic fuel prices. But consumers are happy that the oil prices are going down.
Tuesday, April 22, 2025
Video - Dangote Refinery cuts petrol prices across Nigeria twice in one week
The price now stands at 835 Naira per liter, roughly equivalent to 52 U.S. cents. Industry analysts suggest that this aggressive pricing strategy aims to capture market share, undercut the cost of imported fuel, and apply downward pressure on domestic fuel prices. But consumers are happy that the oil prices are going down.
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