Dangote refinery cuts petrol price after oil market changes
Dangote Petroleum Refinery & Petrochemicals has reduced the ex-gantry price of petrol to N1,200 per litre, reversing a previous hike. The decision follows a sharp drop in global crude oil prices due to easing geopolitical tensions. A refinery official confirmed the price adjustment, citing international market trends as the main factor. The refinery emphasized its commitment to stable supply and transparent pricing.
TLDR
- Dangote Petroleum Refinery & Petrochemicals lowered the petrol price to N1,200 per litre, down from N1,275.
- The price cut was triggered by a significant decline in global crude oil prices linked to reduced tensions in the Middle East.
- Company officials stated that the pricing move aligns with international market realities and benchmarks.
- The refinery confirmed there has been no fresh petrol price increase, contrary to speculation.
- The facility remains a key player in Nigeria’s fuel market, responding swiftly to global oil price changes.
