The Dangote Petroleum Refinery has slashed the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N880 to N840 per litre.
Spokesman for the Dangote Group, Anthony Chiejina, gave a confirmation of this price adjustment on Monday night, adding that the new rate took effect on June 30.
“PMS price has been reduced from N880 to N840 per litre effective 30th June,” Chiejina said.
It could be recalled that the Dangote refinery jerked up the price of petrol to N880 as tension escalated during the 12-day crisis between Israel and Iran, raising the price of crude oil to almost $80 per barrel.
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