BREAKING: Marketers, Dangote Refinery Lowers Petrol Prices; State-by-State Price Emerges

Nigerian motorists received a welcome breather as depot owners largely kept Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) prices steady despite a sharp rally in global crude oil markets.

While Brent crude climbed to $100.4 per barrel (up 5.45%) and West Texas Intermediate hit $101.6 (up 5.22%) by mid-afternoon, downstream operators adopted a wait-and-see approach, heavily influenced by pricing signals from the Dangote Refinery.

According to mid-day reports from Petroleumprice.ng covering major hubs in Lagos, Port Harcourt, Warri, and Calabar, most marketers held last week’s levels…CONTINUE FULL READING>>>