The landing cost of imported Premium Motor Spirit (petrol) dropped to N797 per litre on Monday, amid plans by oil marketers to cut the volume of fuel they buy to reduce losses, The PUNCH reports.
The new drop comes amidst a recurring price war in the downstream oil sector. Last week, the development made the Dangote refinery quietly implement a price reduction at its loading gantry, reducing the loading cost of its petrol from N825 per litre…
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