Petrol prices across Nigeria remain high despite reports that the Dangote Refinery has reduced the ex-depot price of fuel.
In many parts of the country, motorists are still purchasing petrol at prices close to ₦1,300 per litre, raising concerns among consumers who expected the refinery’s price adjustments to bring immediate relief.
Industry experts say several factors may be responsible for the slow impact on pump prices, including transportation costs, supply chain issues, and market dynamics.
The refinery, which began supplying petroleum products to the Nigerian market, was widely expected to help stabilize fuel prices and reduce dependence on imports.
However, analysts note that global oil market conditions and regional tensions could also be influencing fuel prices locally.
Consumers across Nigeria continue to express frustration over the rising cost of petrol, which has contributed to increases in transportation fares and the prices of goods and services.