Dangote Petroleum Refinery has slashed the gantry price of Premium Motor Spirit (PMS) also known as petrol by 4.5 per cent to ₦840 per litre, from ₦880 per litre.
Reacting to the development, other companies, including MENJ slashed its depot price by 2.27 per cent to ₦860 per litre from ₦880 per litre.
Also, MAO and Mainland reduced their depot prices to ₦860 and ₦890 per litre, from ₦910 and ₦900 per litre, respectively.
According to petrolprice.ng price chart, Rainoil (Lagos) reduced its depot price to ₦872 per litre from ₦875 per litre, while A.Y.M Shafa reduced the depot price to ₦880 per litre from ₦887 per litre.
The global oil market and extension petroleum prices has been unstable in the past few weeks, due mainly to the Israel-Iran conflict.
