Lagos, Nigeria – Aliko Dangote dey shake fuel market again, as im don slash fuel price for the second time in two weeks. Na wetin we go call fuel price war don dey show face again, as Dangote Oil Refinery gree drop the price of Premium Motor Spirit (PMS) – wey we sabi as petrol – from N840 to N820 per litre.
This sharp decline come just after the refinery don already reduce the price from N880 to N840 recently. So, na N60 drop in one week, make you do the math! If na your pocket, you for dey feel am well well (chai, this diesel matter na serious business!).
Anthony Chiejina, wey be the mouthpiece of Dangote Group, talk say the price cut go help Nigerians breathe small for their wallets. “We don reduce petrol gantry price to N820 from N840 per litre. Dis one take effect from Tuesday,” im talk.
Why all dis palaver? E be like say na the Nigeria National Petroleum Corporation (NNPC) and many marketers don increase fuel prices lately because of wetin dey happen for Middle East, especially between Israel and Iran. But as Dangote don scatter their plans, e mean say dey fit gree adjust price again based on how global supply dey run.
Last year December, Dangote start dis waka to help Nigerians manage fuel expenses. As 2025 don enter, e don dey cut prices like say na competition dey. Na so fuel wey reach as high as N1200 per liter don fall down reach N860, and e no be small wahala for other marketers wey dey sell. Dem dey complain say their profits don dey cut reach bone level (Hmmm, market no dey play for anybody!).
As Dangote dey do small-small price cuts, e don make some local marketers sweat. Dem dey import petrol with higher cost, and because of Dangote competitive price, dem don dey reduce their rates, making loss with every liter dey sell. Dis situation don really shift the balance for the whole market.
But we go see say NNPC don start to react back. Na wah o! Dis one be like when dey play game and everybody dey try outsmart each other.
Wetin join all dis? E be like say Dangote dey plan to take over the fuel market fully! With the new independent marketers joining him for distribution like TotalEnergies, and some others, na to see wetin go happen next. As dem gree follow Dangote price, we fit just dey smile through we fuel hustle.
Plus, Dangote don invest over N720 billion to bring in Compressed Natural Gas-powered trucks wey go dey deliver petrol and diesel for Nigeria. This move fit save Nigerians over N1.7 trillion every year. Chai! Dis guy sure like to do serious business oo. He promise say this initiative go help plenty Micro, Small and Medium Enterprises (MSMEs) too, by lowering energy costs.
So, as we dey look forward to wetin happen next in dis fuel price drama, make we just grab our palm wine and chill. One thing is sure – fuel market na serious play, and we go follow am chop popcorn as e dey unfold!
