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Dangote Refinery dropped its ex-depot petrol price from N1,330 per litre to between N1,265 and N1,300 per litreFilling stations in Abuja began reflecting the price cut, with MRS and independent marketers lowering pump pricesResidents and analysts are calling on the federal government to ensure transport operators pass the savings to consumers
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Residents of the Federal Capital Territory (FCT) have praised Dangote Petroleum Refinery’s decision to cut its ex-depot price for Premium Motor Spirit (PMS), though many say the reduction has yet to ease the cost of transportation, food, and other daily essentials.
The refinery lowered its ex-depot petrol price from N1,330 per litre to between N1,265 and N1,300 per litre, reversing gains recorded over the previous two weeks when global crude oil prices were volatile.
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