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Fuel Prices Poised to Drop as Refinery Slashes Commodity Costs

Fuel Prices Poised to Drop as Refinery Slashes Commodity Costs

One of Nigeria’s local petroleum refineries, Dangote Petroleum Refinery, has announced a reduction in the ex-depot price of premium motor spirit (PMS), also known as petrol.

The new price, which takes effect immediately, is N970 per litre for oil marketers, according to a statement released by the refinery on Sunday....CLICK TO READ THE FULL NEWS HERE▶▶

This reduction represents a cut of N20 from the refinery’s previous ex-depot price of N990, which was announced earlier this month.

“This is our way of appreciating the good people of Nigeria for their unwavering support in making the refinery a dream come true,” a statement released by Anthony Chiejina, the group chief branding and communications officer of the Dangote Group, said.

The move is seen as a positive development for Nigerians, who have been grappling with high fuel prices in recent times…

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