{"id":6745,"date":"2024-12-20T07:07:53","date_gmt":"2024-12-20T07:07:53","guid":{"rendered":"https:\/\/shakamomodu.com\/?p=6745"},"modified":"2024-12-20T07:07:53","modified_gmt":"2024-12-20T07:07:53","slug":"dangote-refinery-cuts-petrol-prices-to-n899-per-litre","status":"publish","type":"post","link":"https:\/\/shakamomodu.com\/index.php\/2024\/12\/20\/dangote-refinery-cuts-petrol-prices-to-n899-per-litre\/","title":{"rendered":"Dangote Refinery Cuts Petrol Prices to N899 per Litre"},"content":{"rendered":"<p>Dangote Refinery has announced a further reduction in petrol prices, offering rates as low as <strong>N899 per litre<\/strong> for cash purchases of two million liters. This latest move is part of the refinery\u2019s ongoing efforts to stabilize Nigeria\u2019s energy market and ensure a steady fuel supply for marketers.<\/p>\n<h3>New Pricing Structure<\/h3>\n<p>Under the revised pricing framework, marketers can access petrol at <strong>N899.5 per litre<\/strong> for two million liters on a cash basis. An additional two million liters are available with a bank guarantee valid for 15 days from Access Bank, Zenith Bank, and First Bank.<\/p>\n<p>For larger volumes, the refinery offers <strong>10 million liters at N895 per litre<\/strong>, with the same bank guarantee terms applied to an equivalent matching volume.<\/p>\n<h3>Continued Price Reductions<\/h3>\n<p>This development follows a price cut in November when Dangote Refinery reduced Premium Motor Spirit (PMS) prices from <strong>N990 per litre to N970<\/strong>, accompanied by a <strong>N20 per litre discount<\/strong> to ease distribution costs for marketers.<\/p>\n<h3>Industry Impact<\/h3>\n<p>The latest price adjustment is expected to provide relief for independent marketers and consumers by addressing challenges in fuel affordability and availability.<\/p>\n<p>Market analysts predict the reduction will help alleviate cost pressures across the supply chain, contributing to improved market conditions in Nigeria\u2019s energy sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dangote Refinery has announced a further reduction in petrol prices, offering rates as low as N899 per litre for cash purchases of two million liters. This latest move is part of the refinery\u2019s ongoing efforts to stabilize Nigeria\u2019s energy market and ensure a steady fuel supply for marketers. New Pricing Structure Under the revised pricing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[37,35],"tags":[],"class_list":["post-6745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/6745"}],"collection":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/comments?post=6745"}],"version-history":[{"count":1,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/6745\/revisions"}],"predecessor-version":[{"id":6748,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/6745\/revisions\/6748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media\/2592"}],"wp:attachment":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media?parent=6745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/categories?post=6745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/tags?post=6745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}