The Dangote Refinery has lowered the price of petrol at the gantry to ₦828 per litre, a reduction from the previous cost of ₦877. This change reflects a 5.6% decrease.
Industry insiders have confirmed that NNPC Ltd will be providing the 650,000 barrels-per-day refinery with five crude shipments set to load in December. The shipments will include Amenam, Bonny Light, CJ Blend, Forcados, and Qua Iboe.
The change in pricing aims to offer some relief to fuel marketers and consumers across the country, after experiencing several weeks of high pump prices. Depot operators in Lagos have confirmed that they began loading at the revised price early on Friday, and a similar decrease in prices at retail stations is expected to follow suit in the next few days.