Petroleum Marketers Threaten to Abandon NNPCL as Price War with Dangote Intensifies

By Abidemi Samuel

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The ongoing price war between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Petroleum Company has taken a dramatic turn, as petroleum marketers are now threatening to dump NNPCL due to the unfavorable business environment.

The marketers, who are already reeling from the effects of the price war, claim that NNPCL’s pricing strategy is no longer sustainable, making it difficult for them to remain in business. With Dangote Petroleum Company offering lower prices, the marketers are finding it increasingly challenging to compete.

The Nigerian National Petroleum Company Limited has been struggling to maintain its market share, as Dangote Petroleum Company continues to gain ground. The price war has led to a significant decline in NNPCL’s sales, forcing the company to reevaluate its pricing strategy.

Industry experts warn that if the price war continues, it could lead to a crisis in the petroleum sector, with far-reaching consequences for the economy. The experts are calling on the government to intervene and find a lasting solution to the crisis.

As the price war rages on, petroleum marketers are left with no choice but to consider abandoning NNPCL in favor of Dangote Petroleum Company. The move could have significant implications for NNPCL’s market share and revenue.

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