00:00Mariam Bashiru runs a hair salon in Nigeria's capital Abuja.
00:13Hers, like many thousand small businesses, depend on petrol power generators to survive
00:19chronic power shortages.
00:21For her, cheaper fuel is not just good news, it's a lifeline.
00:27Prices at the pump have fallen sharply, cutting her daily operating costs by nearly a quarter.
00:34Even my customers now, they will enjoy my service now because I'm going to reduce money for them.
00:39Across Abuja, prices are sliding fast.
00:43State oil firm NNPCL now sells petrol at about 815 naira per liter, roughly 55 U.S. cents,
00:53down from 66 cents earlier this year.
00:57But some Dangote supplied stations are even cheaper, selling at about 740 naira.
01:04That's about 50 U.S. cents per liter.
01:08For millions of Nigerians, the drop is easing the pressure on transport, food and daily living,
01:15allowing them much-needed disposable income.
01:19We are happy with what we are seeing because, of course, for a very long time we are witnessing the crash-down of the price,
01:26even during the festive period.
01:28Behind the price cuts is a growing battle for market share.
01:33The Dangote refinery, Africa's largest, has boosted domestic supply and slashed its wholesale price to about 700 naira per liter, around 47 U.S. cents.
01:46That move has forced importers and the state oil company to lower their own prices to stay competitive.
01:54But as margins shrink, analysts warn what now appears to be a price war may not last.
02:02My own interpretation is that we are getting to that stage where, especially those that, if it keeps coming down,
02:11I think those that bring in products may find it not so attractive again.
02:17So I don't actually see how sustainable this price was, if I may use that term, would be.
02:25NNPCL's prices still sit above those of Dangote's supplied stations.
02:31For consumers and small businesses, the competition is a welcome relief.
02:37But for Nigeria's fuel industry, the real test lies ahead,
02:42with long-term stability likely to depend on consistent local supply
02:47and a stable foreign exchange market, without which the price cuts could prove short-lived.
02:54I've been able to.
02:55Feest of the speed, even though not.
02:58Give me a few seconds to stop doing that,
02:59I can't get to the speed.
03:00The bounce is a little, but I don't know if I can manage more than a speed.
03:02So I shouldn't have to say, and I can move more.
03:03Like, I'm on a side with the speed.
03:05I can't move on to the speed.
03:06I can move on to the speed.
03:08The speed is 72 seconds.
03:10You can move on to the speed.
03:12If I can move on to the speed.
03:15You can move on to the speed.
03:16It's an example.
03:20You can move on to the speed.
