Petrol landing cost drops as marketers vow to sell imported fuel below Dangote price

Yes, recent reports indicate that the landing cost of petrol in Nigeria has dropped, reflecting a decline from around N1,100 per liter to roughly N978 to N1,000 per liter. This change is largely attributed to fluctuations in global oil prices and favorable exchange rates. The reduction in landing cost may provide a bit of relief, potentially impacting pump prices if sustained, though other factors like distribution costs and government policies will also play a role in determining retail prices.