Dangote Refinery has again, within a week interval, reduced its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre, effective immediately.
It would be recalled that the company last week reduced its ex-depot price from N880 to N840 per litre.
With the assurance of a steady supply of petroleum products, more independent marketers have joined the growing list of distributors retailing Dangote Refinery’s high-quality petroleum products across the country.
Dangote Group’s spokesperson, Mr Anthony Chiejina, confirmed the price adjustment in Lagos, stating: “PMS price has been reduced from N840 to N820 per litre effective immediately.
The previous reduction to N840 per litre had followed global crude oil market volatility, particularly during the 12-day geopolitical crisis in the Middle East, which pushed up crude oil prices.
