Again, Dangote refinery slashes fuel price to N835 per litre

In a notable move, the Dangote Petroleum Refinery has once again lowered the gantry price of Premium Motor Spirit (PMS), widely known as petrol, setting the new rate at N835 per litre.

This represents a 3.5% drop from the previous price of N865 per litre.

The downward adjustment comes in response to a continued dip in global crude oil prices, which have recently fallen from over $70 per barrel to approximately $64 per barrel.

This is not the first time the refinery has reduced its prices. It earlier cut the gantry price from N880 to N865 per litre.

The Dangote Refinery, with a capacity of 650,000 barrels per day, continues to play a crucial role in Nigeria’s energy landscape.