A new statewide pump price reduction for Premium Motor Spirit (petrol) has been announced by the Dangote Petroleum Refinery.  

Depending on the area, the new prices now range from ?875 to ?905 per litre.  Lagos: ?875, South-West: ?885, North-East: ?905, North-West & Central: ?895, and South-South & South-East: ?905 are the updated rates broken down by region.  

For all major fuel marketers working with the refinery, including as MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy, prices show a ?15 drop per litre throughout all areas and partner retail locations.

Lagos residents paid ?890 per litre prior to the new price structure, while rates in the North East and South-South regions increased to ?920.  

With the new changes, residents of Lagos will now pay ?875, while those in the North East and South South will pay ?905 per litre.

“Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice.

This comes after the refinery, which employs 650,000 people in Lekki, announced on Monday that it was able to lower the price of petrol at the pumps thanks to the naira-for-crude agreement.

Source