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Dangote Petroleum Refinery has once again reduced its petrol prices as it seeks to exert its dominance over Nigeria’s fuel market. The latest price cut, targeted at marketers who are filling station owners, has now reduced its petrol price to N831 on Tuesday, May 20
On Monday, Marketers paid N834 per litre to buy petrol, petroleumprice.ng reports that Dangote refinery is now refunding customers the N3 difference.
A similar discount strategy was employed by Dangote Refinery the previous week, when it reduced prices by offering customers a N10 rebate.
Unlike the earlier rebate scheme which ran from early May until May 15 this latest round comes with no official announcement or expiry date, signalling a possible long-term pricing strategy. An official quoted said: “The new rebate is not being openly advertised, but marketers are already adjusting. Dangote is clearly leveraging its scale to pull in more market share.”
With this reduction, Dangote refinery partners can now offer petrol at a lower retail price at their filling stations
Source: legit.ng
