The Dangote Refinery has again reduced the gantry price of petrol from N799 to N774 per litre.
This is a price slash of N25 per litre.
Group Commercial Operations Department, Dangote Petroleum Refinery and Petrochemicals FZE, in a notice to marketers, said the move is with immediate effect.
The refinery also informed marketers that its PMS lifting incentive had ended and that the adjustment is expected to strengthen the competitiveness of locally refined products.
Last year, the ex-depot cost of the commodity moved largely between N700 and over N800 per litre, affecting the pump price of PMS.
The 650,000-barrel-a-day Dangote refinery, Africa’s largest, began delivering petrol in 2024.
