The Dangote Petroleum Refinery has announced a fresh reduction in the pump prices of Premium Motor Spirit (petrol) across the country, as the competition in the downstream oil sector heightens.
The plant announced that the new rates now range from 875 Naira to 905 Naira per litre, depending on location. The new price regime, which marks a 15 Naira reduction per litre across all regions and partner retail outlets, was posted on the official social media handle of Dangote Refinery.
Reports say the reduction applies to all major fuel marketers in partnership with the refinery. The development follows renewed competition between petrol importing marketers and the refinery to control market shares and dictate pricing.