Respite for Nigerians as Dangote Refinery Reduces Petrol Price Massively
The refinery said the cut follows lower crude benchmarks and will also reduce coastal prices, with outstanding gantry volumes repriced immediately.
- On Tuesday, the Dangote Petroleum Refinery reduced the gantry price of Premium Motor Spirit by N75 per litre to N1,175 per litre, effective from midnight.
- Global crude prices crashed following the de-escalation of tension in the Middle East, as United States President Donald Trump announced a peace deal with Iran.
- Brent and West Texas Intermediate crude blends crashed drastically, leading Dangote to reduce its coastal price per metric tonne to N1,495,215 from the prior N1,595,790.
- Retail fuel prices are expected to drop significantly across Nigeria in the coming weeks from their current price of N1,317, offering respite for Nigerians.
- According to the refinery, the adjustment reflects lower energy costs over the past three months, while outstanding unloaded gantry volumes were repriced at the new rate effective midnight June 16.
16 Articles
16 Articles
Respite for Nigerians as Dangote Refinery reduces petrol price massively
Respite for Nigerians as the Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (petrol) by N75 per litre to N1,175 per litre from N1,250. Also, the Dangote refinery’s coastal price per metric tonne has been reduced from N1,595,790 to N1,495,215. The mega refinery disclosed this in a circular to fuel marketers on Monday. Consequently, the new price takes effect from Tuesday (today). According to the refinery, the a…
Dangote Cuts Petrol Price By N75 On Middle East Truce
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by N75 per litre, citing the easing of geopolitical tensions in the Middle East and the resulting decline in global energy prices. The refinery announced the adjustment in a circular issued to fuel marketers, stating that the new ex-depot price has been reduced from N1,250 per litre to N1,175 per litre. The revised pricing will take e…
Dangote Refinery Reduces Ex-Gantry Petrol Price To N1,175 Per Litre
Dangote Petroleum Refinery has announced a reduction in the ex-gantry price of petrol, cutting the cost by N75 per litre. The company disclosed the new pricing in a notice sent to oil marketers on Monday, stating that the adjustment took effect on June 16. According to the refinery, the decision was influenced by easing tensions […]
Relief for Nigerians as Dangote slashes petrol price
The price adjustment, announced in a circular to fuel marketers on Monday, follows the easing of geopolitical tensions in the Middle East, which had driven up global crude oil prices and fuel costs over the past three months.
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