Nigeria, Nov. 17 -- Dangote Petroleum Refinery on Monday dismissed claims that the recent reduction in pump prices by oil marketers is a consequence of the federal government's reversal of the 15 per cent import tariff.

In a statement, signed by its management on Monday, the refinery attributed the price adjustment to its own reduction of petrol gantry and coastal prices on 6 November.

Last Thursday, the Nigerian government said the implementation of a 15 per cent import duty on petrol and diesel, approved by President Bola Tinubu, in October is "no longer in view".

Essentially, the tariff would have ensured that imported petrol is not cheaper than that of the Dangote refinery, which produces virtually all of Nigeria's locally produced...