As competition heightens in downstream sector
Dangote PetroleumRefinery, yesterday,slashed the depot price of Premium Motor Spirit, also known as petrol to N820 per litre from N838 per litre as competition heightens in Nigerias domestic market.
The adjustment was also due to the drop in crude oil prices to 70 per a barrel, yesterday, from more than 77 per barrel in June 2025.
However, other operators also adjusted their depot prices at different rates in order to be competitive under the current circumstances.