NewsOnline Nigeria reports that Dangote Petroleum Refinery has again reduced the price of Premium Motor Spirit (PMS), commonly known as petrol.
This Nigeria news platform learnt that the new price is set at ₦835 per litre, down from ₦865 per litre, marking a 3.5 per cent decrease.
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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…