Dangote Refinery's recent petrol price cut might seem like it's all about global oil rates, but that's not the full picture. Sure, crude oil's price tag influences a lot, but Dangote's move is more about local hustle than international drama.

Right now, WTI crude oil prices are hovering around $61.8 a barrel, bouncing back from highs and lows like a yo-yo. If you ask me, it’s more about the new-fangled price wars between local Nigerian marketers. Dangote slashing prices is likely an effort to muscle out competition and grab a larger market share.

A few months ago, we saw a similar situation in our local electronics scene. The big retail store offered crazy discounts to overshadow smaller local repair shops, even when the cost of importing parts went down. They were playing the long game to gain more control.

So, while crude rates don’t hurt, they aren't the main actor here. It's more about Dangote flexing its muscles in the local market to back competitors into a corner. It's a strategy to get ahead, rather than letting the global scene call the shots.