Dangote Marketers Cut Petrol Prices Amid Crude Oil Price Drop
The Dangote Petroleum Refinery and other petroleum marketers have reduced petrol prices across major depots in Lagos, Port Harcourt, Calabar, and Warri following a decline in international crude oil prices.
The reductions came as Brent crude traded below $100 per barrel, while the United States benchmark, West Texas Intermediate, fell to $91.17 per barrel.
In Lagos, Dangote Refinery reduced its PMS price from N1,350 to N1,325 per litre, representing a N25 reduction. Other marketers such as Ascon, Integrated, and Sahara cut their prices by N24, with their products now selling between N1,326 and N1,327 per litre.
Outside Lagos, petrol prices also declined in Port Harcourt, Calabar, and Warri, with Mainland recording the lowest price at N1,320 per litre in Calabar.