Dangote Petroleum Refinery has reduced its petrol price to N840 per litre, cutting costs for Nigerian motorists by N40 from the previous rate of N880 per litre.
The price drop comes as global oil prices have fallen in recent days, with Brent crude declining by 1.54 per cent from $68.67 on 23rd June to $67.61 by close of business on Monday.
Anthony Chiejina, chief corporate communications officer of Dangote Group, announced the price reduction on Monday, saying the refinery was responding to the downward trend in international oil markets.