In a significant development, Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol.
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 price adjustment comes as a beacon of hope, easing the financial strain on drivers who rely on fuel to navigate their daily journeys. …CONTINUE READING
The refinery had previously reduced its gantry price from N880 to N865 per litre; however, oil marketers did not pass on the savings to consumers.
The new price is set at N835 per litre, down from N865 per litre, marking a 3.5 per cent decrease.
The Dangote Refinery, with a capacity of 650,000 barrels per day, continues to play a crucial role in Nigeria’s energy landscape.
