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Dangote will do the same thing he did with cement, reduce the price so competitors will be forced to sell at a loss.
Keep in mind that they can't continue to store petrol in tanks perpetually as it will result in further losses.
Ultimately, they will think twice before making further attempts to import petrol.
Dangote will now dominate and dictate the prices like he originally wanted to do.
Would you consider this as a smart business move?
“NNPC, Dangote Refinery Slash Petrol Prices to N899 Per Litre Amid Rising Competition - Arise News”

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514 NGA

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