
Petrol stations cut pump prices below ₦865 as competition intensifies, with depots and Dangote Refinery adjusting rates amid falling crude oil benchmarks.
Petrol stations cut pump prices below ₦865 as competition intensifies, with depots and Dangote Refinery adjusting rates amid falling crude oil benchmarks.
The Dangote Petrol price now sells cheaper than imported fuel following the downward adjustment of its ex-depot price from N890 to N825 per litre.
The Dangote Refinery has crashed its petrol prices again by N65 per litre after announcing that the new price will become effective on February 27, 2025.
Dangote Petroleum Refinery has again announced a reduction in its ex-depot price for Premium Motor Spirit (PMS), commonly referred to as petrol ahead of Ramadan.
There is an imminent scarcity of petroleum products as tanker drivers have embarked on strike, leading to the resurfacing of vehicles queues at petrol stations.
Dangote Petroleum Refinery has reminded Nigerians that its price for Petrol and also diesel has been reduced as filling stations adjust prices in Nigeria.
The Dangote Refinery reportedly controls about 60% of Nigeria's petrol market, contributing immensely to the decline in imports as daily PMS consumption falls.
Several filling stations across the country have announced new prices for one litre of Premium Motor Spirit ), also known as petrol, following Dangote's adjustment.
The National President of the Petroleum Tanker Drivers (PTD) has spoken on the federal government ban on 60,000 litre fuel tankers, and potential job losses.
Tanker drivers have suspended fuel loading at various depots, sparking fears of imminent petroleum product scarcity in Lagos and other Nigerian cities.
Energy
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