The Nigerian National Petroleum Company (NNPC) Limited has reduced the price of Premium Motor Spirit (PMS), also known as petrol, to N910 per litre from N935 per litre in Abuja.
However, the price adjustment has not yet been implemented in Lagos and other cities across Nigeria.
Recall that Dangote Petroleum Refinery recently slashed the gantry price of petrol to N825 per litre from N835 per litre, as competition intensifies in the domestic market.
This follows a previous price reduction last month, when the 650,000 barrels per day refinery lowered the gantry price to N835 per litre from N865 per litre.
Dangote Petroleum Refinery and Petrochemicals has slashed its ex-depot price of petrol, also known as Premium Motor Spirit (PMS), from N865 to N835 per litre. The refinery had previously reduced its gantry price from N880 to N865 per litre; however, oil marketers did not pass on the savings to consumers.…
The Nigerian National Petroleum Company Limited (NNPC) has reduced the pump price of Premium Motor Spirit (PMS), commonly known as petrol, to N935 per litre at some of its retail outlets in Abuja. The adjustment was observed across several filling stations in the Federal Capital Territory over the weekend. This…
With the new price drop in the ex-gantry cost of locally refined Premium Motor Spirit, also known as petrol, announced last week by the Dangote Petroleum Refinery, importers of the product may lose an average of N466.62m daily and N13.998bn monthly, The PUNCH reliably gathered on Sunday. This was as…
