MRS Oil has lowered the price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦970 to ₦925 per litre in Lagos State. Henzodaily reports that this development follows the Dangote Refinery’s recent decision to reduce its ex-depot petrol price from ₦950 to ₦890 per litre on February 1. MRS Oil has announced the … Read more
The loading cost of Premium Motor Spirit (PMS) at private depots in Nigeria dropped to ₦925 per litre on Monday, following the decision by Dangote Petroleum Refinery to reduce its ex-depot price from ₦950 to ₦890 per litre, effective Saturday. This marks a significant ₦27 reduction from the highest depot price of ₦952 per litre … Read more
The Organisation of the Petroleum Exporting Countries (OPEC) has highlighted how the Dangote Petroleum Refinery’s efforts to boost Premium Motor Spirit (PMS) production are reshaping the European fuel market. The refinery, with a capacity of 650,000 barrels per day, began operations in January last year and started PMS production in September. This marked a significant … Read more