Hope Rises for Cheaper Fuel Nationwide as Dangote’s Rivals Set New Pump Price Target [Video]

• There are expectations for a petrol price drop in the coming days, following promises from marketers and oil companies
• The reduction in the landing cost of petrol has also raised hopes that filling stations will lower prices soon
• The petroleum market is now fully deregulated, with petrol pump prices determined by market forces

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Fuel prices in Nigeria are anticipated to reduce in the coming days as oil marketers and companies signal possible price cuts amid competition for market share.

The federal government has clearly stated that it will no longer set fuel pump prices and that market forces will determine product costs.

Expectations for new fuel prices

In recent days, the market appears to have favoured Nigeria, with oil prices …