Dangote Slashes Petrol Prices Ahead of Yuletide Season in Nigeria

Dangote Refinery and the Nigerian National Petroleum Company Limited recently announced a price cut for petrol, just before the Yuletide season. The move is aimed at preventing unfair practices in the fuel market.

Just ahead of the Yuletide season, Nigeria's major oil producers, Dangote Refinery and the Nigerian National Petroleum Company Limited, have jointly announced a surprise price cut for petrol. The move aims to prevent unfair practices in the fuel market, with Dangote stating that the reduction is intended to stabilize prices. According to sources, the slash in petrol prices was facilitated by a third party arrangement between the two companies. This sudden price drop is expected to benefit consumers as they celebrate the festive season.