Nigeria, Feb. 27 -- The Dangote Refinery on Wednesday announced that it has reduced the price of petrol to retailers from N890 per litre to N825 per litre.

The company, in a statement, said the price adjustment will take effect from 27 February.

Earlier in the month, the company announced a reduction of its selling price of petrol to retailers from N950 per litre to N890 per litre. At the time, the company said the price reduction was a direct response to the positive outlook within the global energy and gas markets, as well as the recent reduction in international crude oil prices.

In its statement on Wednesday, the company said the price adjustment is designed to provide essential relief to Nigerians in celebration of the Ramadan sea...