Dangote Reduce Petrol Price Again, Naija Marketers De Happy

Chai! Fuel wahala donreduce small as Dangote Refinery don cut petrol price by N25 per litre. Na correct move dem make to drop the ex-depot price from N799 to N774. E mean say, everybody go fit buy fuel small small now.

For Tuesday wey just pass, Dangote refinery yarn say dis price change go start immediately. Dem talk say dis one na as e be now, as dem dey try to balance market matter, wey dey influenced by the Petroleum Industry Act. Na global energy market dynamics dey play for dem hand.

But no forget say, e no just be about price cut. Dem also talk say di PMS lifting bonus don end. Na wa o, e be like say dem wan make marketers adjust sharp sharp as di market dey hot.

Dangote wey dey operate di largest refinery for Africa, get capacity of 650,000 barrels per day, wey don help Naija reduce di wahala of fuel importation and foreign exchange drainage. Since 2024, di refinery don dey shape di downstream pricing, and everybody dey watch wetin go happen next.

As di price no dey drop like hot akara on a Sunday morning, analysts dey talk say di reduction fit mean say finallly, e go bring balance to di local market and give competition small chance, especially against foreign imports. Di last few months don dey tought for fuel prices as e dey swing tremendously.

Before now, di price of PMS don dey waka from N700 come over N800 per litre. Wao! As e be now, dem report say even depot owners like Eterna and MENJ dey sell for N790 per litre. So, Dangote price dey around di better side jare.

For retail side, prices don dey hover wahala at between N839 to N905 in Abuja. Dis price adjustment wey just happen, e fit bring some calm for all di muscle men wey dey hustle to fill their tanks for their motor.

So as e be now, everybody dey watch closely, marketers and consumers dey expect N774 price wey go fit last, or dem go still increase am again? Na dat one go show how di market go dey behave as we dey enter di new year. Stay tuned, my people, we go dey bring you di hot gist as e dey happen.