Dangote Refinery: Fuel marketers mull petrol price cut as FG meets stakeholders 

The Federal Government on Monday announced plans to clasp a consultative gathering with refiners, depot owners, marketers and retailers to find communal crushed connected the competitory pricing of substance and different petroleum products successful the involvement of Nigerians.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, successful a announcement by its spokesperson, George Ita-Ene, reminded stakeholders of the gathering scheduled for Tuesday, successful compliance with the Petroleum Industry Act and the Federal Competition and Consumer Protection Act.

The determination comes arsenic substance pump prices roseate importantly to betwixt N1,395 and N1,450 per litre successful Abuja and different parts of the country.

Falling planetary crude lipid prices person pushed Brent and West Texas Intermediate (WTI) down by much than 3 per cent to $100.50 and $92.43 per barrel, respectively, astatine the clip of reporting.

Following the driblet successful crude lipid prices, Dangote Refinery announced a N25 per litre reduction successful its gantry terms to N1,325 per litre on Monday. This came arsenic DAILY POST had forecast that refiners and marketers were nether unit to trim substance prices.

Dangote Refinery’s latest terms chopped ended...