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A statement from the refinery explained, “Since crude remains the primary input in the production of PMS, any fluctuation in its international price inevitably impacts the cost of the finished product.” Dangote disclosed that its partners, including Ardova, Heyden, and MRS Holdings, will sell petrol nationwide at a retail price of ₦970 per litre.
Meanwhile, several filling stations in Lagos on Monday increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, following a rise in the ex-depot price due to the recent surge in international crude oil prices..
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