the Managing Director of Financial Derivatives Company Limited, BISMARCK REWANE, has said that the price of Premium Motor Spirit will continue to decrease until June 2025.

He attributed this decline to the price war between Dangote Refinery and NNPCL.

In a television interview monitored by Inspiration FM News, REWANE suggested that the situation will stabilize after June, depending on developments in the global oil and currency markets.

He also maintained that Dangote Refinery’s reduction in the pump price of petrol is due to production cost efficiency, among other factors.

It might interest you to know that, days after Dangote Refinery announced its price reduction; the NNPCL reduced its pump price to 860 naira per litre across its stations in Lagos State.