HomeBusinessPetrol drops below N1,300 after Dangote price cut

Petrol drops below N1,300 after Dangote price cut

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Some filling stations along the Lagos-Ibadan Expressway and in other locations in Lagos and Ogun states have reduced petrol prices to below N1,300 per litre following the price cut announced by the Dangote Petroleum Refinery on Saturday.

The PUNCH recalls that the Dangote refinery on Saturday announced a reduction in the ex-depot price of petrol, saying the move reinforced its commitment to making refined petroleum products more affordable and supporting economic activities across Nigeria.

The refinery reduced the gantry price of petrol to N1,250 per litre from N1,275 per litre, while the price of diesel was cut to N1,700 per litre from N1,800 per litre.

On  Tuesday, our correspondent observed that some MRS filling stations in the Mowe/Ibafo axis of the Lagos-Ibadan Expressway, Ogun State, adjusted their pump prices to N1,286 per litre.

Similarly, NIPCO and Heyden sold petrol at N1,290 per litre on Monday, while SGR sold the product

This post was originally published on this site.

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