Dangote Petroleum Refinery has reduced the ex-depot (ex-gantry) price of Premium Motor Spirit (PMS) from ₦880 to ₦865 per litre.
An official from the $20 billion refinery confirmed the price cut on Thursday through a statement to journalists, noting that marketers and fuel distributors have already been notified of the revised rate.
This adjustment comes as the nation continues to grapple with the effects of soaring fuel prices on inflation and transportation costs.
More details are expected to follow.
