Petrol stations cut prices as competition heats up
Several fuel marketers along the Lagos-Ibadan Expressway are lowering petrol prices to attract more customers. SGR Filling Station recently reduced its price, prompting other stations to follow suit. The Dangote refinery also announced a cut in its petrol gantry price, aiming to boost the competitiveness of locally refined products. Despite these reductions, some outlets have yet to reflect the new prices at their pumps.
TLDR
- SGR Filling Station in Mowe dropped its petrol price to N805 per litre, making it the cheapest in the area.
- Other stations, including NIPCO, Alade, Habeeb, SAO, and Akiavic AP, adjusted prices to stay competitive.
- The Dangote refinery reduced its petrol gantry price by N25 per litre, from N799 to N774, and communicated this change to marketers.
- Many MRS stations have not yet lowered their pump prices, still selling at N839 per litre.
- The Dangote refinery reached its full nameplate capacity of 650,000 barrels per day after optimising its crude distillation unit and motor spirit block.
