The Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot loading cost of petrol, bringing it down to ₦865 per litre.
According to reports, the refinery informed its marketers and customers of the new price earlier on Thursday.
Affiliated stations with special agreements with the refinery — are expected to adjust their pump prices to around ₦910, down from about ₦925, in line with the slight reduction.
This price cut follows a high-level meeting between representatives of the Dangote Refinery and the Minister of Finance, Wale Edun on Tuesday.
Following the meeting, the Federal Government reaffirmed that the naira-for-crude initiative remains in effect.
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The policy, which allows local refineries to purchase crude oil in naira, was described as a key directive aimed at supporting sustainable local refining.
The move is expected to ease pump prices and boost petrol availability in the local market.
