{"id":60485,"date":"2025-02-04T12:35:32","date_gmt":"2025-02-04T12:35:32","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=60485"},"modified":"2025-02-04T12:35:32","modified_gmt":"2025-02-04T12:35:32","slug":"dangote-refinery-cuts-petrol-price-depots-follow-suit","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/02\/04\/dangote-refinery-cuts-petrol-price-depots-follow-suit\/","title":{"rendered":"Dangote Refinery Cuts Petrol Price, Depots Follow Suit"},"content":{"rendered":"<p><strong>By Ifeoluwa Odunayo\u00a0<\/strong><\/p>\n<p>The loading cost of Premium Motor Spirit (petrol) at private depots dropped to N925 per litre on Monday, following Dangote Petroleum Refinery\u2019s decision to reduce its ex-depot price from N950 to N890 per litre.<\/p>\n<p>Major depots, including Nipco, Chipet, Aiteo, Wosbab, and Rain Oil, have adjusted their prices, cutting rates by N8 to N27 per litre across different locations.<\/p>\n<p>However, the price drop is yet to fully reflect at fuel stations, prompting calls for regulatory oversight to ensure consumers benefit.<\/p>\n<p>Oil and gas expert Olatide Jeremiah described the development as a major shift in Nigeria\u2019s downstream sector, noting that Dangote Refinery\u2019s growing influence has curbed hoarding and price manipulation, pushing the market toward more transparent pricing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Ifeoluwa Odunayo\u00a0 The loading cost of Premium Motor Spirit (petrol) at private depots dropped to N925 per litre on Monday, following Dangote Petroleum Refinery\u2019s decision to reduce its ex-depot price from N950 to N890 per litre. Major depots, including Nipco, Chipet, Aiteo, Wosbab, and Rain Oil, have adjusted their prices, cutting rates by N8 [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":60486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59],"class_list":["post-60485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/60485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=60485"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/60485\/revisions"}],"predecessor-version":[{"id":60487,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/60485\/revisions\/60487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/60486"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=60485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=60485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=60485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}