The Dangote Petroleum Refinery has reduced its gantry petrol price to ₦832 from the previous rate of N841.
The adjustment comes as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) called off their warning strike over the dismissal of 800 staff.
This came as the leadership of the PENGASSAN announced the suspension of its nationwide strike over the dismissal of 800 staff at Dangote Petroleum Refinery.
PENGASSAN and the management of the 650,000 refinery have been at loggerheads, and the gas supply was cut off.
Following the intervention of the Federal Government, a truce was reached with the Dangote refinery, which is expected to reinstate the sacked staff.
During a press conference, Festus Osifo, president of PENGASSAN, told journalists that “We are suspending and monitoring closely. Any slip on the part of Dangote, any part of this agreement, or any communiqué put out by the Ministry of Labour that is broken, we will not give any notice or warning; we will resume the suspended strike immediately.”
Dangote, other depot prices
With normalcy restored in the oil market, Dangote refinery and other private depot owners adjusted their prices.
Data from petroluemprice.ng, showed that fuel prices at Dangote Refinery and other private depots shifted slightly on Wednesday after normalcy returned to Nigeria’s oil market, data from petroluemprice.ng showed.
Dangote Refinery adjusted its ex-depot petrol price to ₦832 per litre. Pinnacle cut its price by ₦10 to ₦850, a 1.16% drop, while Rainoil’s Delta depot raised its price to ₦870, reflecting a ₦5 increase or 0.58%.
Other depots, including Bulk Strategic (₦870), Aiteo (₦860), Fynefield (₦870), Zamson (₦864), Parker (₦862), Matrix Warri (₦865), Sigmund (₦870) and Liquid Bulk (₦870), kept their prices unchanged. Rainoil’s Lagos outlet maintained petrol at ₦860.
