Dangote Refinery has again reduced its gantry petrol price nationwide to N1,125 per litre from N1,175 per litre.
The spokesperson of Dangote Group, Anthony Chijiena, confirmed the latest reduction on Thursday.
This means that the refinery dropped its petrol gantry price by N50 per litre.
“It is true our petrol gantry price was reduced by N50 per litre,” Chijiena disclosed.
Similarly, the coastal petrol supply price of Dangote Refinery decreased from N1,495,215 per metric tonne to N1,428,165 per metric tonne.
The development comes as crude oil prices dropped significantly to $69 and $73 per barrel, the same rates as pre-Middle East crisis times.
Recall that on June 16, the Dangote Refinery had reduced its gantry petrol price by N75 per litre, triggering a nationwide retail fuel reduction days later. This brought the total price reduction by Dangote Refinery in two weeks since global prices
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