Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price of diesel by N200 as importers reportedly receive new shipments.
The refinery cut the price from N1,800 per litre to N1,600 on Wednesday, according to Platts, an independent provider of information and benchmark prices for the commodities and energy markets.
Confirming the reduction, Joseph Obele, the national public relations officer of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), said the diesel price was reduced on May 26.
The development comes amid a legal dispute on import licences issued or renewed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to fuel marketers and NNPC
