- Dangote Petroleum Refinery has reduced the ex-pot price of petrol to N899.50 per litre.
- Despite the price reduction, petrol stations in Lagos have retained the old price range of N1,025 to N1,100 per litre.
- Industry experts have called on marketers to reciprocate the price reduction by passing the benefits to consumers.
- The price reduction is expected to provide relief for Nigerians ahead of the holiday season.
The petrol pump price remains unchanged at N1,025 per litre in Lagos, despite Dangote Refinery’s recent price reduction . This price was previously increased by the NNPC, and it seems that the latest reduction by Dangote Refinery hasn’t had an impact on the pump price yet . It’s worth noting that Dangote Refinery had earlier announced a reduction in the ex-depot price of petrol, but it seems that this reduction hasn’t been passed on to consumers .
