Petroleum marketers and retailers said Dangote Refinery’s latest premium motor spirit ex-depot price reduction on Monday would lead to a retail price drop across filling stations nationwide.
It was reported that on Monday, the 650,000 barrels per day refinery based in Lekki, Lagos State, offered customers a N10 refund on PMS bought at N835 per litre.
The N10 refund was confirmed by the National Secretary of the Independent Petroleum Products Marketers Association of Nigeria and the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, on Monday in separate interviews.
The latest drop in gantry price of Dangote petrol implies that the refinery’s partnering filling stations, such as MRS, AP (Ardova), Heyden, Optima Energy, Hyde, and Techno Oil filling stations, would adjust their petrol pumps in the coming days.
It was gathered that MRS and other partnering filling stations with Dangote Refinery currently sell their petrol at N910 per litre as of Monday evening.
A staff member of MRS fillings along Kubwa Expressway, Abuja, told our correspondent that the petrol outlet would review downward its fuel pump at N900 per litre between Wednesday and Thursday this week.
“We would start selling our petrol at a new price of N900 per litre between Wednesday and Thursday,” he spoke anonymously.
An impeccable source at NNPCL, who preferred anonymity said the state-owned firm may further relax its petrol price to around N880 or N900 per litre in the coming days.
Efforts to contact Dangote Group’s spokesperson, Anthony Chiejiena to speak on the fresh petrol price review were unsuccessful as of the time of filing the report.
Meanwhile, it was reported Dangote Refinery has reduced its petrol price at least three times since the Federal Government, through the Nigerian National Petroleum Company Limited, renewed its naira-for-crude deal with the $20 billion refinery on April 9.
