Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890.
The reduction according to an official release by the company took effecti from Saturday, 1st February 2025.
The refinery explained that th adjustment is a direct response to the positive outlook within the global energy and gas markets, as well as the recent reduction in international crude oil prices.
The company expressed believe that the reduction from N950 to N890 will result in a meaningful decrease in the cost of petrol nationwide.