Dangote Petroleum Refinery has slashed the depot price of Premium Motor Spirit, also known as petrol, to N820 per litre from N838 per litre.
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.
According to petrolprice.com, the Dangote Petroleum Refinery made the highest adjustment while Fatgbems adjusted to N837 per litre from N838 per litre.
Also, IntegratedĀ Petroleum adjusted its depot price to N836 per litre from N837 per litre while Bovas adjusted to N836 per litre from N837 per litre.
AIPEC adjusted its depot price to N837 per litre from N840 per litre while First Royal adjusted to N838 per litre.
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