Dangote Refinery has announced a reduction in petrol price to ₦739 per litre, effective from Tuesday, providing relief to Nigerian consumers.
Dangote Petroleum Refinery has announced that petrol will be sold at ₦739 per litre starting from Tuesday, marking a significant reduction from the current pump price. The announcement was made by Aliko Dangote during a media briefing, where he attributed the price reduction to improved refining efficiency and economies of scale. The new price is expected to trigger a nationwide reduction in fuel costs, potentially easing transportation expenses and reducing inflationary pressures. Industry analysts predict that other marketers will be forced to adjust their prices to remain competitive. The development has been welcomed by transport unions and consumer groups who have long advocated for lower fuel prices.