{"id":64097,"date":"2025-04-11T11:56:09","date_gmt":"2025-04-11T11:56:09","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=64097"},"modified":"2025-04-11T11:56:09","modified_gmt":"2025-04-11T11:56:09","slug":"relief-in-sight-as-dangote-refinery-cuts-petrol-price","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/04\/11\/relief-in-sight-as-dangote-refinery-cuts-petrol-price\/","title":{"rendered":"Relief in Sight as Dangote Refinery Cuts Petrol Price"},"content":{"rendered":"<p><strong>By Adenike Lawal<\/strong><\/p>\n<p>Hope is rising across Nigeria as oil marketers predict a drop in petrol prices following Dangote Refinery\u2019s resumption of fuel sales in the local currency.<\/p>\n<p>After a twenty two day suspension, the refinery, which boasts a capacity of six hundred and fifty thousand barrels per day, announced on Thursday that it will resume supplying refined petroleum products to marketers in naira.<\/p>\n<p>The decision is poised to bring much-needed relief to millions of Nigerians grappling with high fuel costs.<\/p>\n<p>In a move expected to ease market pressure, Dangote Refinery also slashed its loading cost, setting the ex gantry price at eight hundred and sixty five naira per litre, down from eight hundred and eighty naira.<\/p>\n<p>The fifteen naira reduction has sparked optimism among industry players that pump prices may soon follow suit.<\/p>\n<p>Confirming the development, a notice from the refinery, obtained by our correspondent, detailed the new pricing structure.<\/p>\n<p>Verification from Pro forma invoices and data from petroleumprice.ng confirmed that the revised price covers all statutory charges as stipulated by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.<\/p>\n<p>Industry analysts suggest this strategic adjustment could stimulate competition and drive down prices at retail outlets nationwide, providing a welcome cushion for consumers and businesses already stretched by economic pressures.<\/p>\n<p>As anticipation builds, all eyes are now on downstream marketers to see how swiftly these price cuts will reflect at the pumps.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adenike Lawal Hope is rising across Nigeria as oil marketers predict a drop in petrol prices following Dangote Refinery\u2019s resumption of fuel sales in the local currency. After a twenty two day suspension, the refinery, which boasts a capacity of six hundred and fifty thousand barrels per day, announced on Thursday that it will [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":64098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-64097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/64097","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=64097"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/64097\/revisions"}],"predecessor-version":[{"id":64099,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/64097\/revisions\/64099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/64098"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=64097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=64097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=64097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}