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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Dangote refinery begins free petrol delivery to Abuja, five states

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Dangote Refinery has begun offering free delivery of petrol to six locations across Nigeria, including Abuja.
  • The initiative applies to customers purchasing a minimum of 250,000 liters of petrol at the ex-depot price of N1,075 per liter.
  • This move follows recent price reductions by the refinery and discussions with stakeholders on cost-reflective pricing.

The Dangote Petroleum Refinery has launched a free delivery service for Premium Motor Spirit, commonly known as petrol, to six key locations in Nigeria. The service extends to the Federal Capital Territory, Abuja, and five other states: Lagos, Ogun, Rivers, Kaduna, and Delta.

The refinery announced the initiative in a notice shared on its official X handle on Wednesday.

โ€” Dangote RefineryThe company's announcement of the free delivery service.

This initiative is available to customers who purchase a minimum of 250,000 liters of petrol. The refinery is maintaining its ex-depot price of N1,075 per liter for these transactions. The announcement was made via the company's official X handle on Wednesday.

The latest move comes shortly after Dangote Refinery met with stakeholders in Nigeriaโ€™s downstream petroleum sector to discuss cost-reflective pricing for petrol.

โ€” Dangote RefineryContext for the free delivery initiative.

The free delivery service comes shortly after the Dangote Refinery engaged with stakeholders in Nigeria's downstream petroleum sector. These discussions focused on implementing cost-reflective pricing for petrol, and stakeholders reportedly expressed support for further price reductions. The refinery had previously announced its fourth reduction in the gantry price of petrol, setting it at N1,075 per liter.

The refinery had recently announced its fourth reduction in the gantry price of petrol, bringing it down to N1,075 per litre.

โ€” Dangote RefineryInformation on previous price adjustments.

Abubakar Maigandi, President of the Independent Petroleum Marketers Association of Nigeria, noted that the retail price of petrol has decreased by N125 per liter over the last three weeks. Pump prices now range between N1,155 and N1,299 per liter, varying by location and marketer.

The retail price of petrol had fallen by N125 per litre over the past three weeks, with pump prices now ranging between N1,155 and N1,299 per litre, depending on location and marketer.

โ€” Abubakar MaigandiMarket expert's comment on recent petrol price movements.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.