Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit by N25 per litre,slashing its ex-depot/gantry rate from N799 to N774 per litre.
The refinery conveyed the price slash to marketers on Tuesday, confirming that the new rate takes immediate effect nationwide.
“This is to notify you of a change in our PMS gantry price from N799 per litre to N774 per litre,” the refinery said in a note.
The adjustment further strengthens the competitiveness of locally refined products, as the current landing price of imported PMS from Lome stands at about N793 per litre, compared to Dangote Refinery’s ex depot price of N774 per litre, the company revealed.
