By our Reporter
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.
The new gantry price reduction of N50 per litre, marks the second price cut within just seven days from N1,175 to N1,125 per litre.
It was learnt that the refinery also aligned its coastal loading price at N1,075 per litre, effectively removing the earlier price differential between coastal and gantry sales.
More details later
