Dangote Refinery Reduces Prices of Diesel, Jet Fuel, and Petrol
The Dangote Petroleum Refinery and Petrochemicals announced price reductions for diesel, jet fuel, and petrol. Diesel is now sold at N1,600 per litre, down from N1,700. Jet fuel has been adjusted to N1,450 per litre from N1,550. The changes represent a N100 reduction on both products. According to ogejournal.com, petrol prices were also reduced. Market tracking platform Petroleumprice.ng linkedthe
The Dangote Petroleum Refinery and Petrochemicals announced price reductions for diesel, jet fuel, and petrol. Diesel is now sold at N1,600 per litre, down from N1,700. Jet fuel has been adjusted to N1,450 per litre from N1,550, according to ogejournal.com. The latest changes represent a N100 cut on both diesel and jet fuel. According to ogejournal.com, petrol prices were also reduced. Petroleumprice.ng linked the price changes to falling international crude oil prices, triggered by easing geopolitical tensions in the Middle East. Brent crude, the global benchmark, has dropped from around $83 per barrel to about $78, slipping below the $80 mark for the first time in months. Prior to the latest swings, Brent crude had stabilised below $70. At its peak during earlier global disruptions, Brent crude had surged to about $120 per barrel.
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