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GOOD NEWS: Dangote Refinery Reduce Petrol Price

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Dangote Refinery has reversed its recent fuel price hike, slashing the ex-gantry price of PMS by ₦75 to ₦1,200 per litre

The refinery had earlier raised the price to around ₦1,275 per litre, citing pressure from volatile global oil markets.

The swift downward review is directly linked to a sharp drop in international crude prices. Brent crude has plunged to $95.05 per barrel a 13% decline while WTI crude closed at $97.18, recording nearly a 14% drop.

Industry analysts point to U.S. President Donald Trump’s announcement of a conditional two-week ceasefire with Iran as the key trigger, which has eased fears of immediate supply disruptions in the global oil market.See more full, details. .

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