Nigeria's petroleum marketers said that the Premium Motor Spirit (Petrol) price may be reduced to between N900 and 1000 per litre by this year's Yuletide with the intervention of Dangote Refinery.
Nigeria's petroleum marketers said that the Premium Motor Spirit price may be reduced to between N900 and 1000 per litre by this year's Yuletide with the intervention of Dangote Refinery.
on Monday. This comes as Dangote Refinery on Sunday reduced its ex-depot petrol price by N20 to N970 from N990 per litre. The company had explained that the move was to appreciate Nigerians for their support. The development comes weeks after the refinery signed an agreement with Nigeria's oil marketers on direct petrol purchase. Reacting to the development, Gillis-Harry said the recent PMS price cut announced by Dangote Refinery will positively impact the petrol price for Nigerians.
. Similarly, Ukadike hinted at a cheaper petrol price in the coming Yuletide. He explained that the recent price cut by Dangote Refinery means that fuel prices across IPMAN members' filling stations will drop between N15 and N20 depending on the location. According to him, in the past weeks, IPMAN members had reduced petrol prices from between N1200 and N1300 to N1100 and N1150 per litre.
. reports that Nigeria witnessed several fuel pump prices last month, which saw the product rise to between N1060 and N1150 per litre from N617 recorded in August 2024. Recall that on Friday last week, the Nigerian National Petroleum Company Limited had told oil marketers to halt petrol imports and concentrate on Dangote refinery.
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