Dangote Petrochemical Refinery has announced another reduction in the ex depot price of petrol, lowering its nationwide gantry rate from N1,175 per litre to N1,125 per litre.
The adjustment was confirmed in a statement released on Thursday, June 25, by the spokesperson for the Dangote Group, Anthony Chiejina.
“It is true our petrol gantry price was reduced by N50 per litre,” Chiejina stated.
The refinery also reviewed its coastal petrol supply pricing, with the cost falling from N1,495,215 per metric tonne to N1,428,165 per metric tonne.
The latest price cut comes amid a decline in global crude oil prices, which have retreated to between $69 and $73 per barrel. The current range is comparable to levels recorded before the recent tensions and disruptions linked to the Middle East crisis.
Industry observers say the reduction could influence fuel pricing across the downstream sector if market conditions remain stable and crude oil prices continue to soften.
