- Safiu Kehinde
Dangote Refinery has again crashed its ex-depot price of petrol to N835 per litre.
This is coming barely a week after the refinery slashed its ex-depot price from N880 to N865 per litre.
As disclosed in series of post on X, Dangote again reduced the price by 3.5 percent which set the new price of N835 per litre.
According to report, the development can be attributed to the decline in global crude oil prices, which have dropped to $64 per barrel from over $70 per barrel in recent weeks.
Dangote’s $20 billion 650,000 650,000-barrel-per-day facility communicated the new pricing to its marketers and customers on Wednesday with an official of the refinery reportedly stating that the price review had taken effect.