Dangote Refinery Slashes Petrol Price to N699 Per Litre Ahead of Festive Season

In a significant move to boost the economy and provide relief to Nigerians ahead of the festive season, the Dangote Petroleum Refinery has announced a substantial reduction in the ex-gantry price of petrol. The new price, which is N699 per litre, represents a drop of N129 from the previous price of N828 per litre .

The price cut is a welcome development for Nigerians who have been struggling with the high cost of living. The reduction in petrol price is expected to have a positive impact on the economy, particularly in the transportation sector, where prices are likely to decrease .

The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Garima, has confirmed the development, stating that the refinery has advised marketers to begin lifting petrol at the new rate in preparation for the festive period.

The Dangote Refinery’s decision to reduce the price of petrol is in line with its commitment to providing competitive prices and making domestic fuel prices more affordable. The company’s President, Aliko Dangote, had earlier pledged that the refinery would continue to lower prices to remain competitive against imported fuel .

The reduction in petrol price is expected to have a positive impact on the economy, particularly in the short term. It will provide relief to Nigerians who have been struggling with the high cost of living, and it will also help to reduce the cost of transportation and other goods .

The Dangote Refinery’s decision to slash the price of petrol is a welcome development that is expected to provide relief to Nigerians ahead of the festive season. The company’s commitment to competitive pricing is a positive step towards boosting the economy and making domestic fuel prices more affordable.