Dangote Refinery reduces petrol and diesel prices

The Dangote Petroleum Refinery and Petrochemicals has announced fresh reductions in the prices of Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (AGO), commonly referred to as diesel.

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The refinery has lowered the gantry price of petrol by N25 per litre, bringing it down from N1,275 to N1,250 per litre. It also reduced the price of Automotive Gas Oil (diesel) by N100 per litre. The product will now sell at N1,700 per litre at the gantry, down from the previous N1,800 per litre.

The latest price reduction comes about three weeks after reports emerged that Dangote Refinery had increased the ex-gantry price of petrol.