Nigeria’s downstream petroleum sector is heating up as the price war over Premium Motor Spirit (PMS) intensifies. Several filling stations have now slashed pump prices below ₦739 per litre, the benchmark set by the Dangote Petroleum Refinery.
Since Dangote Refinery cut prices from about ₦900 to ₦739 in December, fuel importers and depot owners have complained of mounting losses, forcing many retailers to sell petrol below cost just to stay competitive.
A weekend survey showed some outlets now selling cheaper than MRS Oil, Dangote’s key retail partner:
• NIPCO – ₦738/litre
• SAO – ₦735/litre
• Akiavic – ₦737/litre
• AP station in Mowe, Ogun State – ₦736/litre
As competition intensifies, questions are rising over how long marketers can sustain these prices — and what it means for the future of fuel supply in Nigeria.
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