By Francesca Hangeior
The Dangote Petroleum Refinery and Petrochemicals has reduced the ex-depot (gantry) price of petrol to ₦865 per litre.
Sources confirmed that the $20 billion refinery notified its marketers and customers of the new pricing on Thursday.
An official from the refinery, confirmed the price adjustment from ₦880 to ₦865 per litre.
Following the price drop, fuel stations such as MRS Oil & Gas, Ardova Plc, Heyden, and others with exclusive supply arrangements with the refinery are expected to lower their pump prices to around ₦910 per litre in response to the revised rate.
The reduction comes shortly after a meeting between officials from the Dangote Refinery and the Minister of Finance, Wale Edun, held on Tuesday.
More details shortly…