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Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N1,275 to N1,250 per litre, citing declining global crude oil prices and market realities in Nigeria’s deregulated downstream petroleum sector.SThe N25 per litre reduction, representing a two per cent decrease, comes amid growing competition among fuel suppliers…
Petrol prices in Nigeria may soon rise to about ₦1,500 per litre after the Dangote Refinery increased its ex-depot (gantry) price of petrol to ₦1,175 per litre on Monday, March 9.The refinery raised the price from ₦995 to ₦1,175 per litre, an increase of ₦180 (about 18%) within three days. This marks the third price…