Marketers operating under the Dangote Refinery’s direct distribution consortium have reduced their petrol gantry price to ₦1,215 per litre.
The price reduction follows a reorganisation of the refinery’s direct petrol distribution arrangement, which has seen the number of participating marketers reduced from the original 37 companies to 25.
Under the new arrangement, the selected marketers will operate as part of a consortium responsible for the direct distribution and marketing of petrol supplied by the refinery.
The updated list of participating companies includes Techno Oil, Pivot, Integrated Energy, Soroman, Nipco, MRS, Ardova, Bovas, Optima, Nepal Energies, Mainland, the Nigerian National Petroleum Company (NNPC), A.A. Rano, Rainoil, Pinnacle, AYM Shafa, Heyden, Eterna and Total, among others.
The restructuring is expected to streamline the refinery’s distribution network and strengthen coordination among its approved marketing partners.
The reduction in the gantry price to ₦1,215 per litre could influence the pricing decisions of downstream petroleum marketers, although the final pump price paid by consumers will depend on transportation costs, amongst other factors.
