Dangote Refinery may review its petrol and diesel prices again as intensifying competition among Lagos depots pushes loading rates below the refinery’s current ex-depot prices.
Pricing data reviewed by Petroleumprice.ng showed widespread reductions across both Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel), as several depot operators adjust rates multiple times during the day in an effort to remain competitive.
The latest pricing trend comes despite Dangote refinery maintaining one of the most competitive diesel prices in the market. The refinery’s diesel loading price stood at N1,701 per litre, while its petrol price was adjusted to N1,253 per litre.
However, private depots have moved swiftly to narrow the gap.
According to a market survey, Aiteo, African Terminal, Integrated, Aipec and Ardova reviewed their petrol prices downward to N1,251 per litre, placing them below Dangote refinery’s ex-depot price of N1,253 per litre.
Other marketers, including Bono, Quest and Ascon, traded
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