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Commodities

Nigerian Petrol Prices Drop Amid Global Crude Decline

Guavy AI Editorial Team
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Oil
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The Dangote Petroleum Refinery and other petroleum marketers have reduced petrol prices across major depots in Lagos, Port Harcourt, Calabar, and Warri. This move comes as global crude oil prices decline below $100 per barrel.

In Lagos, the Dangote Refinery cut its Premium Motor Spirit (PMS) price from N1,350 to N1,325 per litre, representing a N25 reduction. Ascon, Integrated, Pinnacle, and Sahara also reduced their prices by N24, with products now selling between N1,326 and N1,327 per litre.

MRS reduced its petrol price by N20 to N1,332 per litre, while Wosbab recorded a current price of N1,330. This decline in petrol prices was also recorded outside Lagos, with most locations seeing downward adjustments.

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