FEATURED
Dangote Petroleum Refinery Reduces Premium Motor Spirit Price by N25 per Litre
Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) at its gantry, lowering the ex-depot rate from N799 to N774 per litre.
The company notified marketers of the new pricing on Tuesday, confirming that the adjustment is effective immediately across the country.
In a statement, the refinery explained that the price reduction enhances the competitiveness of domestically refined petrol, noting that the current landed cost of imported PMS from Lome is approximately N793 per litre. With the new ex-depot rate of N774, locally refined petrol is now more affordable than imported alternatives.
This price adjustment follows a recent increase two weeks ago, when the refinery raised the ex-gantry price from N699 to N799 per litre. At that time, MRS Oil Nigeria Plc outlets sold petrol at N839 per litre nationwide. The earlier surge was attributed to a temporary festive price support initiative, implemented to mitigate the economic impact of the holiday season and heightened household spending.
During the intervention, Dangote Refinery absorbed significant costs to promote market stability and affordability. The company emphasized that the recent price cut aims to support the long-term sustainability, affordability, and stability of Nigeria’s downstream petroleum market.
South-South APC Unites Ahead of 2027, Reelects Wike’s Ally, Giadom as Zonal Vice Chairman
Achimugu’s Company Loses $13M as Court Grants Final Forfeiture to Government
Ozoro Incident Condemnable but No ‘Rape Festival’ in Isoko and Urhobo Culture – Ibori Clears the Air
Delta Gets New CP as IGP Reshuffles Cabinet, Posts Senior Officers Nationwide
Ibori, Oborevwori Close Ranks, Hold Close Door Meeting in Osubi
Ex-Acting Accountant General, Nwabuoku, to Spend 72 Years in Jail for N868.4m Money Laundering Fraud
Abducted Woman Rescued in Delta as Police Engage Kidnappers in Gun Duel; Arrest Robbery Suspects
2027: APC Bigwigs Converge in Asaba as Uzodimma, Oborevwori, Okowa Task Party’s South-South Ambassadors
EFCC Grills Suspected Serial Fraudster for Alleged N19.9m Visa Fraud in Enugu
Court Jails Man Six Months for Naira Abuse in Asaba
OMO-AGEGE IS ON TRACK AND WILL CONTINUE TO WORK FOR ALL URHOBO, BY CHIEF WILLIAMS I.I. MAKINDE
Ozoro Update: Delta Attorney General Assures Police of Support to Investigate, Prosecute Culprits
2027: Delta Governor Orders Political Appointees to Resign by March 31
Delta: Drug Baron Among Four Cartel Members Arrested as Police Recover Fabricated Firearm from Cultist