Fuel importers and petroleum product depot owners have reduced the prices of PMS nationwide following the 16% price drop announced by Dangote Refinery.

This comes less than 24 hours after announcing an initial price cut to ensure domestic refining ultimately benefits consumers through better quality and affordability.

The Nigerian National Petroleum Corporation (NNPC) Limited cut petrol prices after Dangote slashed gantry and retail rates, easing costs for motorists.