Competition in Nigeria’s downstream petroleum sector has intensified as several private depot owners reduced their petrol prices below Dangote Refinery’s ex-depot rate.
Industry data shows that Aiteo is now selling petrol at ₦1,074 per litre, while at least seven other depots have fixed their prices at ₦1,075 per litre, slightly below Dangote Refinery’s ₦1,076 per litre ex-depot price.
The latest price adjustments are part of an ongoing price war among fuel suppliers as marketers compete for customers by offering lower loading costs.
Analysts say the increased competition could lead to further reductions in pump prices at filling stations across the country, providing some relief for consumers if marketers pass on the lower costs.
The development reflects growing competition in Nigeria’s deregulated petroleum market, with refiners, importers, and depot operators continuing to adjust prices in response to market conditions.
