
Dangote refinery reduces petrol price to N865 per litre
The new price is a reduction of N15 from N880 per litre sold by the facility on Wednesday
The new price is a reduction of N15 from N880 per litre sold by the facility on Wednesday
The initiative is going to continue because it is now obvious that the policy has a great impact on not just fuel prices, but also on other economic indices. It also positively impacted the FX rate
Immediately after the announcement, the cost of loading petrol at private depots in Lagos jumped to about N900/litre. It was less than N850/litre before the announcement.
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Dangote is determined to ensure the success of his refinery.
We will not tolerate deliberate misinformation designed to undermine our operations and mislead Nigerians.
Dangote Petroleum Refinery calls upon marketers to collaborate in this effort to ensure that these benefits are passed on to the Nigerian populace.
Dangote refinery, which has the highest refining capacity in Africa and Europe has disrupted global oil trade and pushed some refineries in Europe out of the market.
The development is directly related to the significant increase in global crude oil prices
The deregulation policy has introduced competition among producers, driving prices lower.