Nigeria, July 3 -- The refinery's fourth downward pricing adjustment in a month, the most recent N50 cut, which becomes effective right now, is predicted to boost competition in Nigeria's downstream petroleum industry.

The corporation has also matched its coastal loading price to the new ex-depot rate and stopped its 20-member consortium model, so that all qualified marketers can load goods directly.

The News Chronicle reports that the most recent change will save Dangote Refinery's ex-depot petrol price more than N200 per liter in one month. Experts in the sector predict the move may inspire filling stations to buy directly from the refinery, helping to bring down pump costs in the next few days.

The Federal Government, the Nigerian ...