At the same time, the refinery is also projected to lose about N91bn in a month as a direct consequence of the price cut, underscoring the intensity of the competition currently reshaping Nigeria’s downstream oil market. The PUNCH reports that the Dangote refinery announced the N129 per litre reduction in petrol gantry price on Friday, cutting the ex-depot rate from N828 to N699 per litre. We marketers have since been anticipating that since crude prices and the exchange rate are stabilising, we should also gain meaningfully from the Dangote refinery as the largest producer of petroleum products in Nigeria, and it has come to pass,” he said.
Author: Punch Newspapers
Published at: 2025-12-15 23:35:09
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