Importers of petroleum products have expressed their concerns regarding the continuous lowering of petrol prices by the Dangote Refinery.
Several importers have indicated that dealers might be forced to sell at a loss, as consumers are likely to purchase petrol only from the outlets offering the lowest prices.
On Wednesday, the Dangote refinery revealed that it has decreased the ex-depot (gantry) price of petrol by N65, lowering it from N890 to N825 per litre, effective today, February 27. This marks the second price drop of the year and the third adjustment in two months.
