Dangote Refinery reduced the premium motor spirit ex-depot price by N175 per litre in the last three weeks, DAILY POST reports.
Checks by DAILY POST on Wednesday showed that Dangote Refinery had adjusted fuel price at least a fourth time to N1,075 per litre from N1,250 on June 16, 2026.
This means that in the period under review fuel prices had dropped by 14 per cent since June 16.
The development comes as the domestic petrol pump price adjusted to a sustained drop in the past three weeks to between N1,155 per litre and N1,299 per litre.
However, Brent and West Texas Intermediate crude prices rose on Wednesday to between $78.19 and $73.70 per barrel on July 8, 2026.
Recall that airstrikes in the Middle East resumed after United States President Donald Trump announced an end to the ceasefire after nearly five months of crisis in the Gulf region.
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