DANGOTE CUTS PETROL EX-DEPOT PRICE BY N50 TO N1,075/LITRE

The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to N1,075 per litre.

The latest adjustment represents a N50 or 4.4 per cent reduction from the previous price and is expected to further intensify competition in Nigeria’s downstream petroleum sector.