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Petrol import costs in Nigeria drop to N797/liter, prompting potential price cuts amid a price war.
The landing cost of imported petrol in Nigeria has dropped to N797 per liter, leading to potential price cuts by major petroleum companies like Dangote Refinery and NNPC.
This price drop is due to a price war and global factors affecting oil prices.
The decline is causing daily losses of about N2.5 billion for oil marketers.
Industry associations have called for regulators to mandate fuel price adjustments every six months to stabilize the market.
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Los costos de importación de gasolina en Nigeria bajan a N797/litro, provocando posibles recortes de precios en medio de una guerra de precios.