Nigerian filling stations reduce petrol price after Dangote Refinery’s gantry rate cut

Nigerian filling stations have reduced the price of Premium Motor Spirit following Dangote Refinery’s slash of its gantry petrol price.

Market survey by DAILY POST on Monday showed that filling stations such as Sunset Energy and Emedab in Abuja adjusted their retail fuel price to N1,345 and N1,360 per litre from N1,450 and N1,365 respectively.

However, at several retail outlets in Abuja, including Nigerian National Petroleum Company Limited, Ranoil, AA Rano, NIPCO, and MRS, petrol prices remained flat between N1,350 and N1,370 per liter as of the time of filing this report.

The price cut comes after the Dangote Refinery reduced fuel prices at the weekend by N25 per liter.

Meanwhile, the retail price of automotive gas oil had remained unchanged at around N1,900 and above N2,000 per liter across most filling stations.

Reacting, the president of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, confirmed to DAILY POST that more members would reduce their petrol price from Tuesday as they get new stock from the Dangote Refinery.

“As soon as our members receive new stock from Dangote Refinery, fuel and diesel prices would go down in line with the refinery’s latest adjustment,” he told DAILY POST.