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Dangote Petroleum Refinery has lowered its petrol prices by N50 as global crude oil costs continue their decline The latest price cut shows the refinery effort to reflect prevailing global energy dynamics on domestic pump prices Industry watchers now expect depot owners and petroleum marketers to respond to the new Dangote Refinery rate
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
Dangote Petroleum Refinery, in a notice on Thursday, June 25, 2024, adjusted its ex-depot price for Premium Motor Spirit (PMS), also known as petrol, down from N1,175 to N1,125 per litre.
The company also announced a reduction in its coastal supply price from N1,495,215 per metric tonne to N1,428,165 per metric tonne.
Dangote Refinery cuts petrol price by N50 as crude oil drops to $72 per barrel Photo: NurphotoSource: UGC
Petrolueprice.ng reports that the new price cut
