Filling Stations Slash Petrol Prices After Dangote Refinery Cuts Fuel Loading Rates
Various filling stations have cut their petrol pump prices following Dangote Petroleum Refinery's latest price reduction in its depot.
The refinery recently lowered its ex-depot price for fuel to ₦1,250 per litre from ₦1,275 per litre, triggering fresh adjustments across parts of the retail market.
Reports says Sunday showed that petrol prices in several parts of Lagos ranged between ₦1,272 and ₦1,295 per litre, with marketers adopt different pricing positions after the refinery's price review.
However, NNPC Retail maintained a pump price of ₦1,295 per litre.
Outside Lagos, an NNPC Retail outlet in Abeokuta was also selling petrol at ₦1,295 per litre.
The latest retail prices indicate that some marketers have begun reflecting the impact of the refinery's revised ex-depot rate, although price disparities remain across outlets.
With Dangote Refinery's new gantry price now in effect, market participants will be watching to see whether additional filling stations adjust their pump prices in the coming days.
Priscilla Uzobuenyi
Hey 👋 Feeling stuck trying to build your character, or just keep up with life without feeling overwhelmed? Maybe you...
