The Dangote Petroleum Refinery has announced a reduction in the ex-depot price of premium motor spirit (PMS), lowering it from ₦880 to ₦865 per litre.
A refinery official confirmed the development in a statement to the press on Thursday, noting that the new pricing has already been communicated to marketers and distributors.
The price cut comes at a time when Nigerians continue to grapple with soaring fuel costs, which have contributed significantly to inflation and rising transportation expenses nationwide. The latest adjustment is expected to provide some measure of relief for both consumers and businesses.
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