Business
BREAKING: Dangote Refinery Announces Massive Reduction in Petrol Price
The Dangote Refinery has significantly slashed its ex-depot petrol price in a strategic move to gain a competitive edge over the Nigerian National Petroleum Company Limited (NNPC) and other petroleum marketers across the country.
According to DAILY POST checks on Petroleumpriceng on Friday morning, the refinery’s ex-depot price has dropped to N699 per litre, down from N828 per litre. This reflects a reduction of N129, representing 15.58%.
This latest review marks the 20th price adjustment by the refinery this year and comes just weeks before the busy Yuletide season.
The reduction also follows recent price cuts by the NNPC and independent filling stations, which have lowered pump prices at least twice in the last three weeks, bringing the retail cost of petrol to between N915 and N937 per litre in Abuja.