The Dangote Petroleum Refinery has again slashed the gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, to N825 per litre from N835 per litre as competition continues in the domestic market.
The Refinery, only last month, effected a price reduction twice within the space of a week, crashing its gantry price by N45 from N880 to N835 per litre.
This reduction in price is as a result of the restart and full implementation of the Naira-for-Crude agreement with local refiners after an earlier suspension by the immediate past NNPCL under the former Group Chief Executive Officer (GCEO), Mele Kyari.
While the latest reduction is aimed at consolidating the Refinery’s leadership position in the domestic market, it is also to give customers value for their money.
(Tribune)
