By THE Dangote Petroleum Refinery has, again, slashed the gantry price of Premium Motor Spirit (PMS), otherwise known as petrol, to N825 per litre from N835 per litre.
This is coming as competition continues in the domestic market.
Recall that the refinery, only last month, effected a price reduction twice within the space of a week, crashing its gantry price by N45 from N880 to N835 per litre.
The latest reduction in price is as a result of the restart and full implementation of the Naira-for-Crude agreement with local refiners after an earlier suspension by the immediate past NNPCL under the former Group Chief Executive Officer (GCEO), Mele Kyari.
The latest reduction is not only aimed at consolidating the refinery’s leadership position in the domestic market, but also to give customers value for their money.
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