Dangote Refinery slashes petrol price to ₦865

The Dangote Petroleum Refinery and Petrochemicals has reduced the ex-depot (gantry) price of petrol to ₦865 per litre.

Sources confirmed that the $20 billion refinery notified its marketers and customers of the new pricing on Thursday.

An official from the refinery, speaking to The Nation, confirmed the price adjustment from ₦880 to ₦865 per litre.

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Following the price drop, fuel stations such as MRS Oil & Gas, Ardova Plc, Heyden, and others with exclusive supply arrangements with the refinery are expected to lower their pump prices to around ₦910 per litre in response to the revised rate.

The reduction comes shortly after a meeting between officials from the Dangote Refinery and the Minister of Finance, Wale Edun, held on Tuesday.

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