Updated May 24, 2025 • 1-min read
Posted by Anonymous
May 23, 2025
1 answer
Posted by Anonymous - May 23, 2025
Honestly, I think it’s getting tough for small petrol station owners these days because of Dangote refinery’s price cuts. Imagine buying a truckload of petrol for N920 per litre, then Dangote slashes prices to N875 or something, and everyone expects you to match that price. You pretty much have to sell at a loss just to stay in business.
My uncle owns a small station in the South-West, and he’s been complaining about how every time Dangote drops prices, he loses money on fuel already in his tanks. He jokes about needing a magic wand just to break even. So, yeah, there's a real chance a bunch of small businesses could shut down or get pushed out. If all the independent guys disappear and only a few big companies are left, that's bad for choice and competition, right? I kind of worry we could end up with just one or two big options, and after a while, they could control everything, including prices. Right now, it's cool for buyers, but it’s pretty stressful if you’re on the selling side like my uncle.
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