Dangote Petroleum Refinery has announced a reduction in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦890 to ₦875 per litre in Lagos,TheCable reports.
In a statement released on Thursday, the refinery said the price cut would be implemented nationwide through its distribution partners. These partners include MRS, AP, Heyden, Optima, Technoil, and Hyde filling stations.
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According to the statement, petrol will now be sold at ₦875 per litre in Lagos and ₦885 in other parts of the South-West. In the South-East, South-South, and North-East regions, the price has been adjusted to ₦905 per litre, while in the North-West and North-Central, it will be sold at ₦895.
This development follows a previous reduction on May 12, when the refinery lowered its ex-depot price of petrol to ₦825 per litre. The following day, the Nigerian National Petroleum Company (NNPC) Limited also announced a price cut at its retail outlets in Abuja.
