Petroleum Products Retail Outlets Owners of Association of Nigeria has said the latest ex-depot premium motor spirit price reduction by Dangote Refinery will alleviate the sufferings of Nigerians and impact the country’s economy positively.
The spokesperson of PETROAN, Joseph Obele, made this known in a statement Yesterday.
He was reacting to Dangote Refinery’s ex-depot petrol reduction to N890 per litre from N950 per litre.
In the statement announcing the PMS price reduction, Dangote Refinery cited the reduction in the global crude prices for its decision.
“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,” it stated.
