Business
Dangote slashes price of petrol to N835
Dangote Petroleum Refinery has further slashed the gantry price of Premium Motor Spirit (PMS), to ₦835 per litre, a 3.5% reduction from the previous rate of ₦865 per litre.
This adjustment is caused by the downturn in global crude oil prices, which have fallen to $64 per barrel after hovering above $70 per barrel in recent weeks.
This is the refinery’s second price cut following an earlier reduction from ₦880 to ₦865 per litre. However, despite these decreases, oil marketers still sell petrol for over N900 per litre.
Details later