The Digest:
Dangote Refinery has announced a further reduction in its ex-depot price for Premium Motor Spirit, marking the second such cut in two weeks. The price drop to N820 per litre from N840 per litre initiates a Relief's Ripple, promising a potential easing of petrol costs across Nigeria and influencing other major marketers to adjust their rates.
Key Points:
- Dangote Refinery cut the petrol ex-depot price.
- Price reduced to N820 per litre from N840.
- This marks the second reduction in two weeks.
- New pricing took effect on July 8, 2025.
- NNPCL previously lowered the retail price to N910.
- MRS stations adjusted prices in Abuja and Lagos.
- Move signals potential market price adjustments.
Sources: Daily Post
