Nigeria, May 31 -- The Dangote Petroleum Refinery and Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (AGO), commonly called diesel.

In a statement shared with PREMIUM TIMES on Saturday by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, the refinery said it reduced the ex-gantry price of petrol to N1,250 per litre from N1,275 per litre.

In contrast, diesel prices were reduced to N1,700 per litre from N1,800 per litre.

"Under the latest price adjustment, the refinery reduced the ex-depot price of PMS, commonly known as petrol, to N1,250 per litre from N1,275 per litre, while the price of AGO (diesel) ...