The Dangote Petroleum Refinery has reduced its petrol gantry price by N50 per litre, lowering it from N1,175 to N1,125 per litre following the further decline in global crude oil prices amid easing tensions in the Middle East.
A notice sent to customers by the refinery’s Group Commercial Operations and obtained by The PUNCH showed that the new pricing regime takes effect from 12 am on Thursday.
The notice stated that the refinery had reviewed its premium motor spirit prices following the de-escalation of tensions in the Middle East, which has impacted energy prices globally.
“Following the de-escalation of tensions in the Middle East, which has impacted energy prices, we wish to inform you that we have reviewed our Premium Motor Spirit gantry/coastal price,” the company stated.
Under the revised pricing structure, the coastal price was reduced from N1,495,215 per metric tonne to N1,428,165 per metric tonne, while the gantry
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