Dangote Refinery has announced a 16% reduction in its petrol gantry price, bringing it down to ₦699 per litre.
The Dangote Petroleum Refinery has reduced its petrol gantry price by 16 percent, from ₦830 to ₦699 per litre. This significant price reduction is expected to provide relief to Nigerian consumers who have been grappling with high fuel costs. The refinery, which commenced operations earlier this year, has been gradually ramping up production capacity. Industry analysts suggest that the price reduction could trigger a broader decrease in fuel prices across the country as other marketers adjust their prices to remain competitive. The move has been welcomed by transport unions and consumer groups who have long advocated for lower fuel prices.