Dangote targets N739 per litre petrol as refinery cuts depot price
MRS and other partners of the Dangote Petroleum Refinery are expected to start selling petrol at N739 per litre, following a fresh reduction in the refinery’s depot price. The move comes two days after the refinery slashed its petrol gantry price from N828 to N699 per litre, a cut of about N129 per litre. Speaking at a press briefing at the Lekki refinery, Dangote Group President, Aliko Dangote, said he was aware that some filling stations keep pump prices high despite lower depot prices. He accused some marketers of undermining his efforts by refusing to pass on the reductions to consumers. Dangote said MRS would commence sales at N739 per litre from Tuesday in Lagos, while other partner stations would follow across the country. He insisted that the current prices of around N900 to N970 per litre at some outlets […]
