Dangote Refinery Slashes Petrol Price to N699/Litre

Dangote Refinery in Nigeria has announced a significant cut in petrol price to N699 per litre, replacing the previous rate of N828 per litre. The reduction, effective immediately, is part of the refinery's strategy to ensure competitive fuel prices in Nigeria despite global market uncertainties.

The decision follows a meeting between the refinery's chairman, Aliko Dangote, and President Bola Tinubu to reaffirm their commitment to stabilizing fuel prices domestically. The price reduction is expected to have a ripple effect across the market, with other depots aligning their rates accordingly.