Nigeria, Feb. 1 -- The announcement was coming less than three weeks after announcing an increase in the cost of loading Premium Motor Spirit, commonly known as petrol.

In a statement signed by Group Chief Branding and Communications Officer, Anthony Chiejina, said this strategic adjustment is 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, adding that the change takes immediate effect from Saturday, 1st February 2025.

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The statement read in parts, "Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit, commonly known as petrol,...