Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), or petrol, from N865 to N835 per litre, representing a 3.5% decrease. This adjustment reflects the recent drop in global crude oil prices, which have fallen to $64 per barrel from over $70. While the refinery had previously reduced its price from N880 to N865, oil marketers did not lower consumer prices accordingly. With a capacity of 650,000 barrels per day, Dangote Refinery remains a key player in Nigeria’s energy sector.