The Dangote Refinery has sharply reduced its ex-depot petrol price by N129.
This, it was learnt, is to gain a competitive advantage over the Nigerian National Petroleum Company Limited and other filling stations in Nigeria.
Petroleumpriceng on Friday morning indicated 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.
This is the 20th price review this year by Dangote Refinery. It is coming ahead of the Yuletide season.
Dangote Refinery’s ex-depot price review follows announcements by the NNPCL 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.
