For the second time in April, Dangote Petroleum Refinery and Petrochemicals has reduced its ex-depot (gantry) price of petrol, now set at ₦835 per litre.
The Lagos-based $20 billion refinery announced the price cut on Wednesday in a notice sent to marketers and news outlets, confirming a drop from the previous rate of ₦867. This marks the third downward adjustment by the company in under six weeks.
Checks on petroleumprice.ng also verified the new gantry price of ₦835 as of Wednesday afternoon.
Filling stations with special supply agreements from Dangote are expected to lower their pump prices to below ₦900 in response to the reduced ex-depot cost.
The latest price adjustment comes shortly after a meeting between representatives of the Dangote Refinery and the Minister of Finance, Wale Edun. Following the meeting, the federal government reaffirmed the continuation of the naira-for-crude oil exchange initiative, calling it a key policy directive aimed at sustaining local refining.
This policy overrides a previous suspension under former NNPCL head Mele Kyari.
