Dangote refinery cuts petrol and diesel prices after oil slump
Dangote Refinery has reduced its petrol and diesel prices following a sharp drop in global crude oil prices. The petrol gantry price has been lowered by N100, while diesel prices have also seen a significant reduction. Refinery officials confirmed the changes and attributed the price cuts to recent volatility in the global oil market. The refinery cited global tensions as a factor influencing repeated price adjustments.
TLDR
- Dangote Refinery reduced its petrol gantry price by N100, from N1,175 to N1,075 per litre.
- Petrol supplied via coastal distribution channels will now sell for N1,050 per litre due to marine logistics.
- Diesel is now N1,430 per litre at the gantry, down by N190 from the previous price of N1,620.
- Officials confirmed the price cuts and linked them to a slump in global crude prices.
- The refinery pointed to global crude volatility and tensions from the US-Iran conflict as reasons for the adjustments.
