Oil and gas downstream operators under the aegis of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) incurred an estimated N9 billion losses and slashed profit margins in 2025 due to the price wars between Dangote Refinery and importers.
They claimed that the price wars led to frequent adjustments of petrol pump prices, which adversely affected their business and discouraged new investments in the sector.
National President of PETROAN, Dr. Billy Grillis-Harry, disclosed this figure in a short text to THISDAY, in response to enquiries.
The association had in its review of Nigeria’s petroleum sector activities for 2025, which was obtained by THISDAY, claimed that without exactitude, its members lost billions of Naira as a result of the price wars between local refineries and importers during which pump prices of petrol were frequently cut.
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