Dangote Refinery has significantly slashed its ex-depot price of fuel to secure an advantage over its rival the Nigerian National Petroleum Company Limited and other retail outlets in Nigeria.
Checks om Petroleumpriceng showed the ex-depot price of Dangote Refinery
dropped to N699 per litre, down from N828 per litre. This is a N129, or 15.58 per cent, reduction in petrol prices.
The adjustment is approximately the 20th price review this year and comes ahead of the festivities associated with the Christmas season.
The review of the ex-depot price by
Dangote Refinery comes after the announcement by the Nigerian National Petroleum Company and fuel filling stations of at least two price reductions in the past three weeks, pushing the retail price between N915 and N937 per litre in the Federal Capital Territory.
