The management of Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre.
This was disclosed by the spokesman of DANGOTE GROUP, Anthony Chiejina during a chat with Newsmen in Lagos recently..
“PMS price has been reduced from N880 to N840 per litre effective 30th June,” Chiejina said.
It will be recalled that Dangote refinery hiked the price of petrol to N880 as tension escalated during the 12-day crisis between Israel and Iran, raising the price of crude oil to almost $80 per barrel.
There was earlier report that marketers anticipated that there would be a new price regime from Monday.
Dangote’s partners like MRS, Heyden and AP are expected to adjust their pump prices soon.
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