Nigeria’s energy s sector fuel price is now N835 per litre

[Augusta]

In a major development for Nigeria’s energy sector, the Dangote Petroleum Refinery has announced a fresh reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol

The new ex-depot price is now N835 per litre, down from N865 per litre, representing a 3.5% decrease. This marks the second price cut in recent weeks and comes amid a drop in global crude oil prices, which have fallen to $64 per barrel, down from over $70 per barrel earlier this month.

 

[eLdavis]

The problem is it will take time before most of these fuel stations start selling at the new price all over the country. Some might not even be willing to.