BREAKING; Dangote Refinery announces reduction in Petrol price
BREAKING; Dangote Refinery announces reduction in Petrol price
The Dangote refinery has announced a downward reduction in petrol price per litre.
The price drop reflects a decrease of N75 from the previous rate of N1,275 per litre.
The refinery had increased its petrol price from N1,175 per litre on March 13 to N1,245 per litre on March 20 — and then to N1,275 per litre on March 21.
In a statement on Thursday, the refinery said its coastal price also dropped to N1,153 per litre.
“Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for petrol to N1,200 per litre and its coastal price to N1,153 per litre, a move that comes amid ongoing tensions in the Middle East that continue to influence global oil markets,” the statement reads.
“The adjustment marks a downward review in the refinery’s pricing structure and is expected to influence fuel supply costs across distribution channels, including depots and retail outlets.”
