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Petrol prices have dropped in some filling stations after Dangote Refinery cut its gantry price by N25In Lagos, pump prices now range between N1,272 and N1,295, depending on stock and logistics costsPrices remain uneven, with some stations adjusting immediately while others still sell old stock at higher rates
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Following another reduction in the gantry price by Dangote Petroleum Refinery, petrol pump price has started falling at several fuel stations in parts of Nigeria.
Depot owners have also slashed prices to keep up with Dangote refinery’s new prices.
Retail fuel prices ease following ex-depot price reduction. Photo: BloombergSource: Getty Images
New fuel prices
This has triggered a fresh round of price cuts in the downstream petroleum market.
Recently, the refinery reduced the ex-depot price of petrol from N1,275 per litre to N1,250
