Again, Dangote Refinery reduces petrol ex-depot price to N835/litre

By Seun Ibiyemi

Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (PMS), or petrol, to N835 per litre.

This marks the second time in two weeks that the refinery has lowered the ex-depot price of the refined product.

The price adjustment follows a decline in international crude oil prices, which have recently dropped to $64 per barrel, down from over $70 per barrel.

Previously, the refinery had reduced its gantry price from N880 to N865 per litre. However, this earlier reduction was not passed on to consumers by oil marketers.