Dangote Refinery has considerably diminished its Premium Motor Spirit, PMS, gantry price.
A market survey by DAILY POST confirmed that the refinery’s petrol gantry price dropped to N1,215 per litre from N1,250.
This represents a discount of N35 per litre by Africa’s largest refinery.
The Chief Executive of Petroleumprice.ng, Olatide Jeremiah, has additionally confirmed the most recent gas price discount by Dangote Refinery, noting that depot house owners corresponding to Soroman, Aiteo and Masters are promoting petrol at between N1,255 and N1,300 per litre.
According to him, the affirmation of the Dangote Refinery’s new price got here from consortium entrepreneurs.
“It’s the consortium marketers’ price,” he advised DAILY POST in an interview.
Reacting to the event, the President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Abubakar Maigandi, described the price discount as a optimistic growth for Nigerians.
“It is a good thing for Nigerians,” he advised DAILY POST in an interview.
DAILY POST reviews that petrol costs had remained elevated in latest weeks earlier than the most recent downward adjustment by the refinery.
Currently, retail petrol costs throughout filling stations in Nigeria vary between N1,370 and N1,429 per litre.
However, following Dangote Refinery’s price discount, retail petrol costs are anticipated to decline considerably from Monday.
DAILY POST reviews that crude oil costs stood at $104 and $113 per barrel for West Texas Intermediate, WTI, and Brent crude, respectively, on the time of submitting this report.
