The Dangote Refinery has significantly reduced its ex-depot petrol price in a strategic move to gain a competitive edge over the Nigerian National Petroleum Company Limited (NNPCL) and other fuel marketers across the country.
Data from Petroleumpriceng reviewed by Nigerian Newssphere on Friday morning shows that the refinery’s ex-depot price has dropped to N699 per litre, down from N828 per litre—a sharp reduction of N129, or 15.58 percent.
This latest cut marks roughly the 20th price adjustment by the refinery this year and comes just weeks before the Christmas and New Year festive season.
The new price is being introduced shortly after NNPCL and other filling stations implemented at least two reductions within the past three weeks, bringing the pump price in Abuja to between N915 and N937 per litre.
