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flag Petrol import costs in Nigeria drop to N797/liter, prompting potential price cuts amid a price war.

flag 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. flag This price drop is due to a price war and global factors affecting oil prices. flag The decline is causing daily losses of about N2.5 billion for oil marketers. flag Industry associations have called for regulators to mandate fuel price adjustments every six months to stabilize the market.

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