Dangote slashes gasoline value by N100 as world crude slumps

The Dangote Refinery on Tuesday lowered its petrol gantry value by N100, from N1,175 to N1,075 per litre.

The transfer adopted a droop in world oil costs, with Brent crude dropping to $89 per barrel from over $100 on Monday.

Officers of the refinery confirmed the event to our correspondent, including that diesel costs have additionally been lowered.

They said that petrol equipped by way of coastal distribution channels will now promote for N1,050 per litre, reflecting a slight differential for marine logistics.

Equally, diesel is now N1,430 per litre on the gantry, representing a N190 discount from the sooner value of N1,620 per litre.

In response to oilprice.com, Brent crude costs witnessed a dramatic reversal on Tuesday, plunging almost 27 per cent from the day prior to this’s excessive of $119 per barrel to as little as $87 per barrel.

The Dangote Refinery reportedly blamed world crude volatility for the repeated value hikes, citing tensions arising from the US-Iran battle.

Particulars later…

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