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Dangote Refinery reduced its ex-depot petrol price from N1,275 to N1,250, and cut diesel prices from N1,800 to N1,700 per litreDespite the reduction, most filling stations across Nigeria have maintained their existing pump prices, with only a few lowering pricesAnalysts say high-cost inventories, transportation expenses, and other distribution costs are delaying the transfer of lower depot prices to consumers
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The recent reduction in petrol prices by Dangote Petroleum Refinery has brought little relief to consumers, as most filling stations across Nigeria have largely maintained their existing pump prices despite the adjustment.
Over the last weekend, the refinery lowered its ex-depot petrol price by N25 per litre, reducing it from N1,275 to N1,250 per litre.
However, the majority of fuel marketers have not passed on the reduction to motorists.
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