Dangote Petroleum Refinery has reduced the gantry price of petrol by N25 per litre, lowering its ex-depot rate from N799 to N774 per litre.
In a statement shared across its official social media handles, the company’s management said the new rate, communicated to marketers, would take effect immediately.
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” the refinery stated in the notice to fuel marketers. “The adjustment further strengthens the competitiveness of locally refined products, as the current landing price of imported PMS from Lome stands at about N793 per litre, compared to Dangote Refinery’s ex-depot price of N774 per litre.”
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The refinery announced the price adjustment on Tuesday.