The Dangote Refinery has sharply reduced its ex-depot petrol price to gain a competitive edge over the Nigerian National Petroleum Company Limited (NNPC) and other filling stations across Nigeria.

Recent checks on Petroleumpriceng show that Dangote Refinery’s ex-depot price dropped to N699 per litre, down from N828 per litre. This represents a N129, or 15.58%, reduction in petrol prices.

This latest adjustment marks roughly the 20th price review this year and comes ahead of the upcoming Yuletide season.

Dangote Refinery’s price revision follows announcements by the Nigerian National Petroleum Company and fuel stations of at least two price reductions in the past three weeks, which currently push retail prices between N915 and N937 per litre in Abuja.