Despite the ex-depot petrol price reduction by the Dangote Petroleum Refinery on Monday, many marketers have refused to adjust their pump prices, saying they could run into losses.
The marketers who spoke with The PUNCH on Tuesday stated that dropping their pump prices would not be possible unless they exhaust the product purchased at prices around N900 per litre.
The PUNCH reported late on Monday that the Dangote refinery had reduced the ex-depot petrol price from N880 to N840 per litre. The spokesman of the Dangote Group, Anthony Chiejina, confirmed this to our correspondent.
Chiejina stated that the price reduction took effect on June 30. “PMS price has been reduced from N880 to N840 per litre effective 30th June,” he said.
