Dangote, major marketers cut petrol depot prices as FG mounts pressure

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Dangote Petroleum Refinery and major fuel marketers in Nigeria reduced petrol depot prices following pressure from the Federal Government. The sub-N800/litre pricing targets are part of efforts to adjust prices in the downstream petroleum market.

•IPMAN targets sub-N800/litre By Udeme Akpan &  Obas Esiedesa Nigeria’s downstream petroleum market witnessed another round of price reductions on Monday, with the Dangote Petroleum Refinery and several major fuel marketers lowering depot prices for Premium Motor Spirit (PMS), popularly known as petrol, and diesel. This development comes at the backdrop of pressures from the Federal […] The post Dangote, major marketers cut petrol depot prices as FG mounts pressure appeared first on Vanguard News.