This comes as petroleum product marketers plan an emergency meeting to drop fuel prices from Tuesday.


The President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this in an interview.

“It is true. Dangote Refinery reduced its petrol ex-depot price to N840 from N880 per litre on Monday. We are happy.
“Our members would implement the new price once they load new products,” he stated.

This showed that the 650,000-barrel-per-day refinery slashed its petrol ex-depot prices by N40 per litre.