International records / OpenAlex research

How Real Is the Fear of Competition in the Nigerian Downstream Petroleum Market?

Nigeria’s downstream oil sector is undergoing a major structural transition driven by deregulation, subsidy removal, and the entry of Dangote Refinery into the market. While these changes have improved local supply of fuel and stabilized prices, they have also generated fears of monopolistic domination in the market. This study examines the realities of the fears by analyzing the market structure since 2023 when subsidy was removed and how the entrant of Dangote refinery in January 2024 have distorted the market holdership. We examined the cross elasticities among the firms and the market shar…