Dangote Petroleum Refinery has again reduced the price of Premium Motor Spirit (PMS), commonly known as petrol.
The new price is set at ₦835 per litre, down from ₦865 per litre, marking a 3.5 per cent decrease.

The recent drop in global crude oil prices, which have fallen to $64 per barrel from over $70 per barrel in recent weeks, is the reason for this price change.
This important change comes after the price of oil was previously lowered from ₦880 to ₦865 per litre, but the savings were not passed on to customers by oil marketers.

With a daily capacity of 650,000 barrels, the Dangote Refinery is an important part of Nigeria’s energy system.

More information will follow.