Dangote Refinery has indeed reduced the price of fuel to ₦835 per liter, marking a ₦30 decrease from the previous price of ₦865 per liter, which translates to a 3.5% reduction.
This latest adjustment follows a recent decline in global crude oil prices, which have dropped to $64 per barrel from over $70 per barrel in recent weeks.
Key Details:
– *New Price:* ₦835 per liter
– *Previous Price:* ₦865 per liter
– *Reduction:* ₦30 (3.5% decrease)
– *Global Crude Oil Price:* $64 per barrel (down from $70 per barrel)
Some Nigerians are welcoming the price reduction, while others are expressing skepticism, noting that transport costs haven’t decreased accordingly.
There’s also a call for further price reductions, considering the global crude oil price drop
