Dangote refinery lowers petrol gantry price by N25 per litre
The Dangote Petroleum Refinery has announced a reduction in its petrol gantry price, cutting the cost by N25 per litre. A senior official from the Dangote Group confirmed the price adjustment, attributing it to a recent decline in global crude oil prices. The move is expected to impact pricing in the downstream petroleum sector, especially for marketers sourcing products from the refinery. Petrol prices in Nigeria have seen significant increases in recent months, affecting both businesses and consumers.
What we know
- The Dangote Petroleum Refinery reduced its petrol gantry price from N1,275 to N1,250 per litre.
- A senior Dangote Group official said the price cut is linked to falling global oil prices.
- Other companies like Aiteo and NIPCO are selling petrol at N1,272 per litre, while Integrated Energy, Ascon, and African Terminal are trading around N1,274 per litre.
- The price reduction is expected to influence downstream sector pricing for marketers.
- Petrol, diesel, and aviation fuel prices have all increased recently, causing concern among businesses and transport operators.
