Lokpobiri Defends Petrol Costs Against Foreign Benchmarks

Lokpobiri Defends Petrol Costs Against Foreign Benchmarks

Nigeria still sells petrol cheaper than the United States, Ghana, and South Africa despite the pain that deregulation inflicts on domestic households, according to Minister of State for Petroleum Resources Heineken Lokpobiri. Speaking on television on Tuesday night, Mr Lokpobiri placed the average domestic retail pump price at 1,430 naira per litre, contrasting that level…

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Dangote Refinery Cuts Petrol Price to N774 Per Litre as PMS Ex-Depot Rate Falls

Dangote Refinery has reduced the petrol price at its gantry, lowering the Premium Motor Spirit (PMS) ex-depot rate from N799 to N774 per litre, a N25 decrease with immediate effect. The price adjustment was communicated to marketers in a notice issued by the Group Commercial Operations Department of Dangote Petroleum Refinery and Petrochemicals FZE. The…

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