Taiwo POPOOLA
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 revealed on Petroleum Pricing 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 percent, 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.
