Naija petrol market don turn battleground as prices dey drop like say na December chop dey land!
<p: Since Dangote refinery come drop price from N900 to N739 per litre, e be like say the koko don change for the game. Many filling stations just dey slash prices anyhow, some even dey sell under recommendations. Na wah!
As we talk, NIPCO dey sell for N738, SAO dey do N735, and Akiavic don carry their own to N737. Even one AP station wey dey near MRS for Mowe don drop price to N736. Na true we talk say dem sabi how to follow competition.
Motorists dey dash go stations wey sell cheap, and those wey dey sell high don dey waka like say dem go soon close shop o! According to Major Energies Marketers Association, landing cost na N762.38 per litre, but who wan follow that one when competition dey fierce?
Operators wey dey sell petrol dey shout say dem no dey fight anybody, but like say dem dey follow market strategy wey go fit help dem hold ground. One of dem, wey gree talk small because of the hot market, yarn say no be about cheap import or better quality; na just strategy to keep market share.
Dangote Group President, Aliko Dangote, don drop serious promise say e go use every strategy wey dey available to crash price. E don talk say no marketer suppose dey sell above N740 across Naija, and if you wan buy, you fit pick am for N699.
Recently, MRS fill stations dey sell Dangote petrol at N739, but na only dem dey do am well. Many others dey face wahala to match the rate. As pressure dey mount, some filling stations don start to price below MRS. Na where the gist dey sweet pass!
Chinedu Ukadike wey dey represent Independent Petroleum Marketers Association of Nigeria talk say anybody wey no wan drop their price go dey lose serious customers. E talk say the market na price-driven, and if you no fit keep up, na your wahala. The way wey demand dey change price go determine how things go span out.
Last December, Dangote don show say e fit supply more than 1.5 billion litres of petrol and dem dey make moves to remove some costs wey dey follow third-party deliveries. Dem dey chop small overheads so that prices fit come down the more.
As competition dey hot, we too dey see pump prices dey reach low below N800 as many filling stations dey join the price war. Na so e be as Dangote dey flex, and everybody dey look for better ways to keep customers.
Make nobody forget say if Dangote dey run small delivery strategy well, we fit soon see more marketers drop their own prices wey go make life better for Naija motorists. The competition don start and Naija people ready to enjoy the benefits. So, make we dey watch as e dey unfold!
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