Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, to N835 per litre.
This is the second time the refinery has reduced the ex-depot price of the refined product within two weeks.
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This downward price adjustment comes in response to a drop in international crude oil prices, which have recently fallen to $64 per barrel from over $70 per barrel.
Prior to this, the refinery had already lowered its gantry price from N880 to N865 per litre. However, the reduction was not reflected at the consumer level by oil marketers.
