The Dangote Refinery has sharply reduced its ex-depot petrol price to gain a competitive advantage over the Nigerian National Petroleum Company Limited and other filling stations in Nigeria.
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 marks approximately the 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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