Dangote Refinery reduces petrol gantry price to N1,215 per litre
Dangote Refinery has significantly reduced its Premium Motor Spirit, PMS, gantry price. A market survey by DAILY POST showed that the refinery's petrol gantry price dropped to N1,215 per litre from N1,250. This represents a reduction of N35 per litre by Africa's largest refinery. The Chief Executive of Petroleumprice.ng, Olatide Jeremiah, has also confirmed the […] Dangote Refinery reduces petrol…
Dangote Refinery has lowered the price of its Premium Motor Spirit, PMS, gantry to N1,215 per litre. This represents a reduction of N35 per litre, bringing the price down from N1,250. Africa's largest refinery made the adjustment. A market survey by DAILY POST revealed that depot owners, including Soroman, Aiteo, and Masters, are now selling petrol at between N1,255 and N1,300 per litre.
Olatide Jeremiah, the CEO of Petroleumprice.ng, confirmed the price reduction, stating that the information came from consortium marketers. The Independent Petroleum Marketers Association of Nigeria President, Abubakar Maigandi, welcomed the move, calling it a positive development for Nigerians. Retail petrol prices across the country have ranged between N1,370 and N1,429 per litre.
With the refinery's price cut, consumers can expect a significant drop in prices from Monday. At the time of filing, crude oil prices were $104 and $113 per barrel for West Texas Intermediate and Brent crude, respectively.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
