Depot owners reduce fuel price to Dangote Refinery’s rate

Several petroleum products depot owners person reduced their petrol ex-depot prices to N1,075 per litre, the aforesaid complaint arsenic Dangote Refinery.

Check by DAILY POST showed that Heyden, Pinnacle Ardova, Sahara and others person pegged their ex-depot prices astatine N1,075 per litre connected Friday aft arsenic precocious arsenic N1,095 per litre.

This comes 2 days aft Dangote Refinery announced escaped petrol transportation to 5 states and Abuja astatine N1,075.

The accusation is that Dangote Refinery whitethorn soon driblet its gantry terms beneath N1,075 to person a competitory vantage implicit depot owners.

DAILY POST reports that successful the past 4 weeks, Dangote Refinery and depot owners person dropped substance prices by astatine slightest N120 per litre, which has led to petrol pump terms reductions.

Crude lipid prices had surged connected Wednesday earlier cooling down connected Thursday contempt renewed escalation successful the Middle East aft the United States’ and Iran’s ceasefire woody collapsed.

On Thursday, New York Federal Reserve Bank President John Williams said vigor prices would clasp little contempt renewed airstrikes successful the Gulf region.

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