Dangote Refinery again slashes petrol price, now ₦835/litre

Dangote Refinery Limited has again slashed prices of its Premium Motor Spirit (PMS), otherwise called petrol to ₦835 per litre.

This is coming after the recent implementing a ₦15 price reduction in its loading cost for PMS.

The new price represents a ₦30 reduction from ₦865 per litre implemented six days ago, marking a 3.5 per cent decrease, and a ₦45 reduction from the ₦880 per litre sold by the facility a week ago.

This price cut marks Dangote’s third downward adjustment in under six weeks.

Dangote Refinery reportedly informed its customers in a notice sent out on Wednesday morning.

The PMS at the gantry will now sell for ₦835 per litre, inclusive of NMDPRA statutory levies, while coastal sales remain on hold.

The diesel gantry price is set at $608 plus a $70 surcharge, payable either in naira at ₦1,650/$ or in USD.

Coastal sales are also on hold. Jet fuel will be sold at $664.75 with a $42 gantry surcharge and a $22 coastal surcharge. Prices for cooking gas at both gantry and coastal points are currently on hold.