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Landing cost of imported petrol drops to N1,003 per litre amid declining crude pricesWidening price gap reignites calls for substantial cuts from Dangote RefineryLower fuel costs may ease inflation and provide relief for struggling Nigerians
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The landing cost of imported Premium Motor Spirit (PMS), popularly known as petrol, has dropped significantly to N1,003 per litre, deepening the price gap between imported fuel and supplies from the Dangote Refinery.
The latest development comes as global crude oil prices continue to retreat following easing geopolitical tensions in the Middle East, raising fresh expectations that Nigerians could soon enjoy lower pump prices.
New petrol prices emerge at filling stations as imported petrol falls. Credit: NurPhoto/ContributorSource: Getty Images
Industry data shows that the decline is not limited to petrol alone, with diesel and liquefied petroleum gas (LPG), commonly known as
