Petrol drops below N1,300 after Dangote price cut

Petrol drops below N1,300 after Dangote price cut

Dangote Refinery cut petrol prices to N1,250/liter (from N1,275) and diesel to N1,700, with some stations now selling below N1,300. The price cut reflects the 650,000 bpd refinery's strategy to reduce Nigeria's fuel import dependence and lower operational costs for businesses.