Dangote Petroleum Refinery has announced another reduction in the ex-depot price of petrol (PMS), setting the new rate at N835 per litre, a 3.5% decrease from the previous N865 per litre.
This latest price adjustment is attributed to the recent fall in global crude oil prices, which have declined to $64 per barrel from over $70 per barrel in recent weeks.
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The refinery had earlier lowered its ex-depot price from N880 to N865 per litre, but oil marketers did not reflect this reduction in the prices charged to consumers.
With a daily processing capacity of 650,000 barrels, the Dangote Refinery remains a key player in Nigeria’s energy sector.
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