Nigerians have cheering news as Dangote Petroleum Refinery and Petrochemicals has further reviewed its ex-depot loading cost of Premium Motor Spirit (PMS), commonly known as petrol.
NATIONAL POST reports that this is not unconnected with the drop in the price of crude oil at the international market.
It is coming a few days to the Easter celebration.
The new price is set at N835 per litre, down from N865 per litre implemented six days ago, marking a 3.5 percent decrease.
The company informed its customers of the price reduction via a notice on Wednesday, marking Dangote’s third downward adjustment under six weeks.
Previously, the refinery had reduced its gantry price from N880 to N865 per litre, however, oil marketers did not pass on the savings to consumers.
Dagote’s retail partners, such as MRS, AP (Ardova), Heyden, Optima Energy, Hyde, and Techno Oil are expected to reflect the new price adjustment.