Dangote Petroleum Refinery has again reduced the price of Premium Motor Spirit (PMS), commonly known as petrol.
News360 Info learnt that the new price is set at ₦835 per litre, down from ₦865 per litre, marking a 3.5 per cent decrease.
This price adjustment follows the recent decline in global crude oil prices, which have dropped to $64 per barrel from over $70 per barrel in recent weeks.
This significant development follows a previous reduction in its price from ₦880 to ₦865 per litre but oil marketers did not pass on the savings to consumers.
The Dangote Refinery, with a capacity of 650,000 barrels per day, plays a crucial role in Nigeria’s energy landscape.
More details to come…
