Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday.
The company said the price adjustment is in response to favourable developments in the global energy sector and a significant decline in international crude oil prices.
This latest move follows a similar decision made on 19th January, when a price increase was implemented due to rising crude oil costs.
The refinery also called on marketers across the country to ensure that the benefits of the reduced price are passed on to the Nigerian public.
