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.
This development indicated a N75 reduction from the initial ex-depot price of N1,275 per litre.
In a statement obtained by BusinessDay, the company said 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.
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
