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Nigeria’s petrol and diesel prices drop as Dangote Refinery adjusts rates after government meetingMinister Lokpobiri calls for fair pricing amidst falling global crude oil costsIndustry experts predict further reductions as competition and domestic refining capacity improve
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s downstream petroleum sector recorded fresh reductions in petrol and diesel depot prices on Monday as the Dangote Petroleum Refinery and several major fuel marketers cut prices following a high-level meeting with the Federal Government.
The latest adjustments came after the Federal Government urged operators to align fuel prices with the recent decline in global crude oil prices, amid increasing competition and improved domestic product supply.
Dangote Refinery and major marketers announce fresh petrol prices after meeting with FG. Credit: Bloomberg/ContributorSource: Getty Images
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