Dangote Refinery Cuts Fuel Prices Again, signals further moderation

AI Summary

Dangote Petroleum Refinery has cut fuel prices for the fourth time this month, signaling further moderation despite high crude oil costs internationally. This decision impacts the Nigerian energy market and consumer fuel pricing trends.

Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), marking its fourth price cut within a month as the company said it continues to pass lower production costs to consumers despite still processing crude oil purchased at significantly higher international prices. The latest N50 per litre […] The post Dangote Refinery Cuts Fuel Prices Again, signals further moderation appeared first on Nairametrics.