Dangote Refinery reduces petrol gantry price to N1,215 per litre

Dangote Refinery has importantly reduced its Premium Motor Spirit, PMS, gantry price.

A marketplace survey by DAILY POST showed that the refinery's petrol gantry terms dropped to N1,215 per litre from N1,250.

This represents a simplification of N35 per litre by Africa's largest refinery.

The Chief Executive of Petroleumprice.ng, Olatide Jeremiah, has besides confirmed the latest substance terms simplification by Dangote Refinery, noting that depot owners specified arsenic Soroman, Aiteo and Masters are selling petrol astatine betwixt N1,255 and N1,300 per litre.

According to him, the confirmation of the Dangote Refinery's caller terms came from consortium marketers.

"It's the consortium marketers' price," helium told DAILY POST successful an interview.

Reacting to the development, the President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, Abubakar Maigandi, described the terms simplification arsenic a affirmative improvement for Nigerians.

"It is simply a bully happening for Nigerians," helium told DAILY POST successful an interview.

DAILY POST reports that petrol prices had remained elevated successful caller weeks earlier the latest downward accommodation by the refinery.

Currently, retail petrol prices crossed filling statio...