Respite for Nigerians as Dangote Refinery reduces petrol price massively

Respite for Nigerians as the Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (petrol) by N75 per litre to N1,175 per litre from N1,250. 
Also, the Dangote refinery’s coastal price per metric tonne has been reduced from N1,595,790 to N1,495,215.
The mega refinery disclosed this in a circular to fuel marketers on Monday. Consequently, the new price takes effect from Tuesday (today). 
According to the refinery, the adjustment followed the de-escalation of the tension in the Middle East, which had impacted energy prices in the past three months.
“Following the de-escalation of tensions in the Middle East, which has impacted energy prices. We wish to inf...