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The Dangote Petroleum Refinery has reduced its petrol ex-depot price from N1,250 to N1,175 per litre following a decline in global crude oil prices Fuel marketers say pump prices could fall in Lagos within days, although many filling stations are still selling old stock at higher pricesStakeholders expect further reductions if crude oil prices continue to decline, but some operators argue that fuel prices should be dropping faster
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Petrol prices across Nigeria could soon decline to around N1,200 per litre following a fresh reduction in ex-depot prices by the Dangote Petroleum Refinery, according to industry marketers.
The refinery recently lowered its gantry price for Premium Motor Spirit (PMS) by N75 per litre, reducing it from N1,250 to N1,175.
Petrol Price Set to Crash to N1,200/litre Within Days After Dangote Refinery Rate CutsSource: UGC
The adjustment comes as global
