BREAKING: Dangote announces another reduction in petrol price

• The new pricing structure offers petrol at N899.5 per litre for cash purchases of two million liters, with an additional two million liters available on a bank guarantee valid for 15 days from Access, Zenith, and First Bank
  

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Dangote Refinery has announced another reduction in petrol prices, with rates dropping to as low as N899 per litre for two million litres.

This move marks a continued effort by the refinery to stabilise the market and enhance supply to marketers.

The new pricing structure offers petrol at N899.5 per litre for cash purchases of two million liters, with an additional two million liters available on a bank guarantee valid for 15 days from Access, Zenith, and First Bank.

For higher volumes, marketers can purchase 10 million liters at N895 per litre with an equivalent matching volume on the same bank guarantee terms.

WITHIN NIGERIA recalls that in November, the refinery lowered its Premium Motor Spirit (PMS) price to N970 per litre, down from N990. At the time, Dangote Refinery provided marketers with a N20 per litre discount to ease distribution costs.