Dangote Refinery reduces the petrol gantry price to N1,250 per litre from N1,275, according to reports from Nigeria. The change represents a price drop of about two per cent. The outlets state that the adjustment follows movements in global crude oil prices, with the refinery lowering its product price in line with declining crude costs. The “gantry price” refers to the price at which petrol is supplied at the point of loading/landing, before final distribution and retail margins. Both sources describe the new price as applying after the reduction from the previous N1,275 per litre level. No additional details are provided in the reports about when the new price takes effect, how it affects retail pump prices, or whether other fuel components or distribution charges also change. The development is presented as a response to broader market conditions rather than a change linked to a domestic tax or policy measure.
Dangote Refinery cuts petrol gantry price to N1,250 per litre
Dangote Refinery reduces the petrol gantry price to N1,250 per litre from N1,275, according to reports from Nigeria. The change represents a price drop of about two per cent. The outlets state that th...
- Dangote Refinery reduces petrol gantry price from N1,275 to N1,250 per litre.
- The reported price cut is about 2%.
- The adjustment is linked to declines in global crude oil prices.
- Both outlets report the change as an update to the refinery’s gantry pricing.
- The reports do not specify wider retail pump price impacts or implementation timing.
Dangote Refinery has reduced the gantry price of petrol, to N1,250 per litre from N1,275 per litre, representing a two per cent decrease. The post Dangote Refinery reduces petrol price to N1,250/litre appeared first on Vanguard News.
2 months agoDangote Refinery reduces petrol gantry price from N1,275 to N1,250 per litre, responding to global crude oil price declines. Read More: https://punchng.com/dangote-refinery-slashes-petrol-gantry-price-from-n1275-to-n1250/
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