Dangote, marketers cut petrol prices after crude slips

Summary

The Dangote Petroleum Refinery and other marketers have lowered petrol depot prices in several Nigerian cities as international crude prices fell.

Highlights

• Lagos recorded the biggest cuts, with several operators reducing petrol prices by N20 to N25 per litre.
• Dangote Refinery cut its PMS price in Lagos from N1,350 to N1,325 per litre.
• Price reductions were also recorded in Port Harcourt, Calabar and Warri, while some operators kept prices unchanged or made small increases.
• The moves followed softer Brent and WTI prices in the international market.
• The price report cited by the story was published by Petroleumprice.ng.