Petrol marketers in Nigeria are set to choose between NNPC and Dangote Refinery based on fuel prices, with competition expected to lower costs for consumers.
Petrol marketers in Nigeria have expressed their stance on the current competition between the Nigerian National Petroleum Corporation (NNPC) and the Dangote Refinery regarding petrol supply. Following the NNPC’s clarification that it is not the exclusive buyer of Dangote’s petroleum products, marketers are now poised to buy petrol based on price differences. If NNPC imports petrol at a cheaper rate than the Dangote Refinery, the marketers will opt for the more affordable option. This situation mirrors the recent competition in the diesel market, where Dangote’s lower pricing forced importers to reduce their prices.
The marketers are keen on ensuring that this competitive dynamic will lead to more affordable fuel options for consumers. They also aim to work with foreign investors to strengthen their operations in the evolving market.
