Dangote Petroleum Refinery has announced a significant reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N835 to N825 per litre.
The new pricing, effective immediately, comes as a relief amid Nigeria’s ongoing efforts to stabilise fuel supply and reduce dependence on imported petroleum products.
Read also: Again, Dangote Refinery reduces petrol ex-depot price to N835/litre
Industry analysts suggest the reduction could lead to lower pump prices across the country if marketers pass on the savings to consumers.
