The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), also known as petrol, to ₦970 per litre for oil marketers, effective Sunday.
This new price marks a cut from the previous ex-depot price of ₦990 per litre, which was set earlier this month.
In a statement released on Sunday, Anthony Chiejina, the company’s Chief Branding and Communications Officer, explained that the price reduction was a gesture of appreciation to Nigerians for their continued support in bringing the refinery to fruition.
The statement also noted that the move is a way to express gratitude to the government, which has been instrumental in supporting domestic enterprises. The price reduction aligns with efforts to bolster the country’s economy and promote sustainable domestic fuel production.
“We are committed to providing the best quality petroleum products that are environmentally friendly and sustainable, while ensuring a consistent and reliable supply,” Chiejina added. He further assured that the refinery would continue to ramp up production to meet, and even surpass, Nigeria’s domestic fuel consumption needs, alleviating any concerns about potential supply shortages.
This price cut will save marketers approximately ₦20 for every litre of petrol purchased from the refinery’s Lekki-based facility.
