Filling stations yet to adjust as Dangote reduces petrol price again

Business

Dangote Group a leading Nigerian conglomerate has announced a reduction in the price of petrol at its filling stations across the country. This is the second time in a month that the company has reduced the price of petrol following a drop in global oil prices. However many other filling stations are yet to adjust their prices causing confusion among consumers. The reduction in petrol price is expected to provide relief for Nigerians who have been struggling with high fuel costs. The government has also urged other oil marketing companies to follow Dangotes lead and reduce their prices to benefit the people.

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Discussion Points:

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  • 1) Dangote reduction of fuel price has not been reflecting on filling stations across the country. What do you think might be the cause of this?
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  • 2) The delay in the adjustment of the pump price by the filling stations is starting to cause panic among Nigerians. Could the price go high again if the filling station fails to adjust their price?
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  • 3) Despite the pump price reduction by the Dangote refinery and the delays by the filling stations to adjust to the new pump price, what would your advice be to the government on this issue?
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17 Apr

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17 Apr

6 Days

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