Nigeria news highlights a second fuel price cut by Dangote Refinery, with the ex-depot price dropping to N835 per litre from N865. This initiative aims to ease the burden on consumers as partners like MRS filling stations might soon adjust their retail prices accordingly. Source.
Recent Abuja news reports regulatory approvals allowing the importation of 156.897 million litres of petrol to improve nationwide supply by April 2025. Despite potential price stability through agreements like the naira-for-crude, factors like currency depreciation make significant price slashes challenging.
Key takeaways:
- Dangote Refinery has reduced its ex-depot fuel price by N30.
- Petrol import approvals will significantly boost the national supply by April 2025.
- Currency depreciation limits drastic price drops for petrol.
How do you think local fuel price changes impact the broader economic landscape in Nigeria? Share your thoughts!
