This post was originally published on this site.
Dangote Refinery resumes naira sales, prompting petrol depot price reductions across NigeriaDespite rising global crude oil prices, local petrol prices see a slight declineIndependent marketers advocate for government intervention amid rising inflation and fuel costs
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Petrol depot owners have begun reducing the prices of Premium Motor Spirit (PMS) following Dangote Refinery’s decision to resume the sale of petroleum products in naira, offering a measure of relief to marketers, motorists and consumers across Nigeria.
The latest price adjustment comes despite the continued surge in global crude oil prices, which had recently pushed domestic petrol prices to fresh highs.
Relief for Nigerians as petrol prices fall at the depots amid Dangote’s new pricing in naira. Credit: Bloomberg/ContributorSource: Getty Images
Crude oil prices remain elevated
Global oil prices have remained strong in recent weeks due to supply concerns and geopolitical
