The Dangote Petroleum Refinery says it has continued to cut the price of Premium Motor Spirit—widely known as petrol—despite turbulence in international crude oil markets… Continue reading at thisisRadioNow.com
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Filling stations adjust pump price as Dangote increases ex-depot petrol price

Filling stations across the Lagos metropolis Saturday morning responded to the hike in the ex- depot price of Premium Motor Spirit(PMS), otherwise called petrol by Dangote Refinery late Friday.

The Dangote Refinery on Friday adjusted it’s ex- depot petrol price from N825 per litre to N880, representing an increase of N55 per litre.

In a swift reaction to the increase, members of the Major Energy Marketers Association of Nigeria(MEMAN), Independent Marketers Association of Nigeria(IPMAN), NNPC Retail outlets and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) have all responded by adjusting their meters.

Prior to the hike, NNPC retail outlets were selling at N870 per litre but by Saturday morning, prices have been adjusted to N910 per litre.

The same trend was equally followed by other marketers,including Dangote partners, which included MRS, Ardova, Heyden.

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