Nigeria’s Dangote Petroleum Refinery has reduced the ex-depot price of petrol from N950 to N890 per litre, citing a positive outlook in global energy markets and a recent drop in international crude oil prices.
The price adjustment, effective from February 1, 2025, reflects the refinery’s commitment to transparency and fairness, according to a statement by Group Chief Branding and Communications Officer, Anthony Chiejina.
Key Points:
- Price Reduction: Dangote Refinery cuts petrol price from N950 to N890 per litre.
- Global Market Trends: The move is in response to positive shifts in global energy markets and a drop in international crude oil prices.
- Impact on Economy: The refinery expects the price reduction to drive down costs of goods and services, benefiting the Nigerian populace.
The refinery has urged marketers to collaborate in passing on the benefits of the price reduction to consumers, supporting the government’s economic recovery plan.
Add Comment