Dangote Refinery to Cut Petrol Prices by 5% in Nigeria Next Week
Dangote Refinery is set to lower petrol prices by 5% in Nigeria, reducing the current price of N828 per liter to N786.60. This move follows a previous price slash and signals the company's proactive response to market dynamics and local supply-demand conditions.
The refinery's capacity of 650,000 barrels per day plays a crucial role in Nigeria's energy self-sufficiency efforts and downstream petroleum sector stabilization. The price adjustment is expected to take effect early next week across depot locations, leading to corresponding retail price adjustments nationwide.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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