Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890, effective from Saturday. Mr Anthony Chiejina, the Group Chief Branding and Communications Officer, Dangote Petroleum Refinery, said this in a statement on Saturday in Lagos. Chiejina said that the price adjustment was in response to favourable developments in the global energy sector and a significant decline in international crude oil prices. He explained that this latest move followed a similar decision made on Jan. 19 when a modest price increase…
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