\n\nDangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by N75 per litre following a decline in global energy prices.
In a circular issued to fuel marketers on Monday, the refinery attributed the price adjustment to the easing of tensions in the Middle East, which had contributed to higher energy costs over the past three months.
According to the refinery, the new gantry price for petrol has been reduced from N1,250 to N1,175 per litre. Similarly, the coastal price per metric tonne has dropped from N1,595,790 to N1,495,215.
The refinery stated that the review reflects current market realities and follows the recent stabilization of the global energy market.
