BREAKING: Dangote Refinery reduces petrol, diesel prices

Dangote Refinery has reduced the prices of its Premium Motor Spirit, PMS, also known as petrol, and Automotive Gas Oil, AGO, or diesel, nationwide.

The 700,000-barrel-per-day refinery on Wednesday reduced its petrol gantry price to N1,165 per litre from N1,215 per litre, while diesel was cut to N1,570 per litre from N1,650 per litre.

This means the mega refinery has reduced the prices of petrol and diesel by N50 and N80 per litre, respectively.

DAILY POST reports that the latest reduction in petrol and diesel prices by Dangote Refinery is expected to further drive down retail pump prices across Nigeria.

Recall that the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, Billy Gillis-Harry, told DAILY POST that petroleum product prices would decline further if landing costs continue to fall.The earlier report is available here: