The Dangote Petroleum Refinery has again slashed its petrol gantry price, reducing the ex-depot rate from N828 to N699 per litre, a 15.6% drop.

Real-time data from Petroleumprice.ng confirmed the new benchmark, which was also verified by a refinery official who said the facility is committed to maintaining competitive local pricing.

The latest cut marks the refinery’s 20th petrol price adjustment this year as production ramps up and competition with imported fuel intensifies.

Aliko Dangote recently reaffirmed that domestic fuel prices would keep trending downward despite global market volatility and ongoing fuel smuggling to neighbouring countries.

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Following the refinery’s reduction, several private depots also reviewed their prices. Sigmund Depot reduced its rate by N4, Bulk Strategic by N3, while TechnoOil recorded a sharper N15 cut. Other depots, including A.A. Rano, NIPCO and Aiteo, also made slight downward adjustments in response to the new pricing template.

Source: Punch