Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) by ₦75, bringing the new price to ₦1,175 per litre. This adjustment follows a decline in global crude oil prices and is expected to influence the broader Nigerian fuel market. The decision reflects ongoing changes in the international oil landscape, particularly amid easing geopolitical tensions in the Middle East. Stakeholders in the fuel sector are closely monitoring these developments for potential further price adjustments.
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