Dangote, marketers cut petrol prices as crude falls
Dangote Refinery and other marketers have cut petrol prices across major depots in Nigeria following a decline in international crude oil prices. Read More: https://punchng.com/dangote-marketers-cut-petrol-prices-as-crude-falls/
The Dangote Petroleum Refinery and other petroleum marketers in Lagos, Port Harcourt, Calabar and Warri have cut the prices of Premium Motor Spirit (petrol) following a decline in international crude oil prices. In Lagos, several operators reduced their petrol prices by between N20 and N24 per litre, with Dangote Refinery decreasing its PMS price from N1,350 to N1,325 per litre.
In other locations, Masters, Stockgap and Bulk Strategic cut their PMS prices by N2 to N7 per litre, while Sobaz increased its price by N1 to N1,328. In Warri, most changes were downward, with Keonamex reducing its PMS price by N3 to N1,327 per litre. Diesel prices also decreased in some locations, with Lagos-based Chipet cutting its AGO price by N15 to N1,815 per litre.
The recent petrol price cuts indicate the impact of lower crude prices on Nigeria's downstream petroleum market.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
