The Dangote Petrochemicals Refinery has implemented a N10 rebate on the price of Premium Motor Spirit (PMS), commonly known as petrol, reducing the effective cost for its customers to N825 per litre.

It was gathered on Monday that while marketers are still purchasing petrol at the publicly announced ex-gantry price of N835 per litre, they receive a N10 rebate after loading and evacuating the product from the refinery.

The adjustment is not an official reduction but is seen as a covert price change, allowing Dangote’s customers and marketers to sell the product at a lower price range of N830 to N835 per litre, which undercuts the prices of importing marketers and private depot owners.

This move follows a series of price reductions last month, when the Dangote refinery reduced its ex-gantry price by N45 within a week, lowering it from N880 to N835 per litre.

This adjustment came after the restart of the Naira-for-Crude agreement with local refiners.