Nigeria’s Dangote Refinery has reduced its premium motor spirit ex-depot price to N840 from N880 per litre.
This comes as petroleum product marketers plan an emergency meeting to drop fuel prices from Tuesday.
The President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, disclosed this to DAILY POST during an exclusive interview on Monday.
“It is true. Dangote Refinery reduced its petrol ex-depot price to N840 from N880 per litre on Monday. We are happy.
“Our members would implement the new price once they load new products,” he stated.
This showed that the 650,000-barrel-per-day refinery slashed its petrol ex-depot prices by N40 per litre.
Marketers will drop petrol price nationwide Tuesday – IPMAN
Maigandi said petroleum marketers will be having an emergency meeting on Tuesday to decide on a new petrol price nationwide.
“We will be meeting on Tuesday to review our PMS prices following the latest petrol reduction announced by Dangote. Certainly the petrol price would come down from tomorrow,” he told DAILY POST.