The Dangote Refinery has significantly lowered its ex-depot petrol price to position itself competitively against the Nigerian National Petroleum Company Limited and other fuel marketers in the country.
Checks on Petroleumpriceng on Friday morning showed that Dangote Refinery’s ex-depot price dropped to N699 per litre, down from N828 per litre. This represents a N129, or 15.58 per cent, reduction in petrol prices.
The latest adjustment is reportedly the refinery’s 20th price review this year and comes ahead of the Yuletide season.
Dangote Refinery’s ex-depot price review follows announcements by the Nigerian National Petroleum Company and fuel filling stations of at least two price reductions in the past three weeks, pushing the retail price between N915 and N937 per litre in Abuja.
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