Dangote Refinery Reduces Fuel Price Massively

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Dangote Refinery

Dangote Refinery has significantly lowered its ex-depot petrol price to strengthen its competitive edge over the Nigerian National Petroleum Company Limited (NNPCL) and other filling stations across Nigeria.

Checks on Petroleumpriceng on Friday morning showed that Dangote Refinery’s ex-depot price dropped to ₦699 per litre, down from ₦828 per litre.

This represents a ₦129, 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 Limited (NNPCL) and fuel filling stations of at least two price reductions in the past three weeks, pushing the retail price between ₦915 and ₦937 per litre in Abuja.

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