Nigerians to experience relief nationwide after Dangote Refinery’s fuel price cut

Nigerians volition statesman to acquisition respite arsenic petrol terms is expected to driblet crossed filling stations nationwide from Friday aft Dangote Refinery’s gantry substance simplification to N1,200 per liter.

On Thursday, Dangote Refinery slashed its petrol terms by N85, oregon 6.6 percent, to N1,200 per liter from N1,285 to borderline retired petroleum depot owners’ prices, which stood betwixt N1,240 and N1,255 per liter.

The improvement comes arsenic crude lipid prices, Brent and West Texas Intermediate, cooled disconnected successful portion of the week to beneath $100 per tube earlier settling astatine $107 and $93 per tube connected Friday morning.

DAILY POST reports that the $20 cardinal refinery’s latest petrol terms reappraisal comes amid calls for the section refinery to chopped its substance terms arsenic a effect of easing crude lipid prices.

The latest petrol terms accommodation would perchance trigger a retail substance terms driblet of betwixt N50 and N70 per liter to astir N1,311 and N1,291 astatine large filling stations nationwide.

The spokesperson for the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, confirmed to DAILY POST that members getting their petrol products from the Dangote Refinery would readjust their prices.

“Our subordinate volition person to set to a caller retail price,” Ukadike told DAILY POST.

Filling presumption managers astatine MRS, told DAILY POST connected Thursday that they would await the caller substance terms temp...