Again, Dangote Refinery Slashes Petrol Price

Dangote Petroleum Refinery and Petrochemicals has announced another review of its ex-depot (gantry) loading price for Premium Motor Spirit (PMS), popularly known as petrol.

The new price is now set at N835 per litre, down from N865 per litre, which had been in effect for the past six days, representing a 3.5 per cent reduction.

The company communicated the price adjustment to its customers through an official notice on Wednesday.

This latest price cut marks the third downward revision by Dangote Refinery in less than six weeks.

Earlier, the refinery had reduced the gantry price from N880 to N865 per litre, although the benefit of the price drop was not reflected at the pump, as oil marketers failed to pass the savings on to consumers.