By ThePreview Team

 

Dangote Petroleum Refinery & Petrochemicals on Wednesday said the gantry price of petrol remains unchanged, amid concerns over potential volatility in the downstream market.

The company in a statement said its pricing structure remains intact, with the gantry price at N1,200 per litre and the coastal price at N1,153 per litre.

“We are maintaining our existing price and have not implemented any new pricing for our customers,” the statement said.

It added that the refinery remains focused on ensuring the steady availability of refined petroleum products across Nigeria and the wider African market, reinforcing its role in supporting supply stability.

READ ALSO: Dangote Refinery’s petrol supply drops to 36.5 million litres in February –NMDPRA

The move is part of the market’s response to recent fluctuations in global crude oil prices.

On Wednesday, crude oil tumbled below $100 a barrel after U.S President Donald Trump said he had agreed to a ‌two-week ceasefire with Iran, subject to an immediate and safe reopening of the Strait of Hormuz.

Brent crude futures were down $18.27, or 16.72 per cent, at $91.00 a barrel by 1320 GMT. WTI futures slid by $20.48, or 18.13 per cent, to $92.47.

Benchmark European diesel prices also fell, shedding $310.75, or 20.34 per cent, to $1,217 a metric ton.