Many filling stations have dropped petrol prices below N900 per litre days after the Dangote Petroleum Refinery slashed the price by N40, The PUNCH reports.
Findings showed that many filling stations in Ogun and Lagos States now sell petrol at rates ranging from N875 to N890 a litre. Though some filling stations still sold the product at N900 or above on Sunday, the majority have adjusted to the new price regime.
MRS Oil, a major distributor of Dangote petroleum products, dropped the pump price of PMS to N885 in Lagos from N925 last week. In the South-West, the price would be N895; N905 in the North-West and North-Central; N915 in the South-South, South-East and North-East.
Earlier reports had shown that the Dangote refinery had reduced the ex-depot petrol price from N880 to N840 per litre last Monday. The spokesman of the Dangote Group, Anthony Chiejina, who confirmed this to our correspondent, stated that the price reduction took effect on June 30.
