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 by DAILY POST on Petroleumpriceng 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 per cent, reduction in petrol prices.
The latest adjustment marks approximately the 20th price review this year and comes ahead of the Yuletide season.