Dangote Petroleum Refinery has reduced its ex-gantry petrol price to N1,200 per litre, marking a downward adjustment in its pricing structure.
The development was disclosed in a statement issued by the refinery on Thursday.
The price cut comes amid ongoing volatility in global oil markets driven by geopolitical tensions in the Middle East.
The latest adjustment represents a N75 reduction from the previous price of N1,275 per litre, despite rising crude oil prices globally.
The refinery also announced a reduction in its coastal price to N1,153, signalling potential downstream effects across Nigeria’s fuel distribution chain.
The refinery confirmed the price reduction and linked the decision to prevailing global oil market conditions. The move is expected to impact supply costs across depots and retail outlets.
“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 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.”
The statement underscores the refinery’s responsiveness to market dynamics despite global uncertainties. Newspot.
