Dangote Petroleum Refinery has lowered the price of its Premium Motor Spirit (PMS) to N899.50 per litre, as announced in a statement on Thursday morning.
The company stated that this decision aims to “provide much-needed relief for Nigerians ahead of the holiday season.”
Previously, Africa’s first privately-owned oil refinery had reduced the price to N970 per litre on November 24, and the new price of N899.50 per litre is intended to help reduce transport costs during the festive period, according to a statement from the Group’s Chief Branding and Communications Officer, Anthony Chiejina.
He also mentioned that the company has introduced a special offer to benefit consumers further. “In addition to the holiday discount, Dangote Petroleum Refinery is allowing consumers to purchase an extra litre of fuel on credit for every litre bought with cash.”
“To help ease transport costs this holiday season, Dangote Refinery is providing a holiday discount on PMS. Starting today, our petrol will be priced at N899.50 per litre at our truck loading gantry or SPM. Additionally, for every litre purchased with cash, consumers can buy another litre on credit, supported by a bank guarantee from Access Bank, First Bank, or Zenith Bank,” Chiejina stated.
The refinery also expressed appreciation to Nigerians for their ongoing support as the festive season approaches. Chiejina reiterated the refinery’s dedication to ensuring that Nigerians have access to high-quality petroleum products that are competitively priced and environmentally friendly. He pointed out that the refinery’s operations signify the end of Nigeria being a dumping ground for substandard and ‘blended’ imported products, which have posed serious risks to human health, machinery, and the environment.
Read also:Dangote Refinery Starts Fuel Exports To West African Countries
With a capacity of 650,000 barrels per day (BPD), the Dangote Refinery is the largest single-train refinery globally and is fully equipped to meet 100% of Nigeria’s refined petroleum product needs, with additional capacity available for export.
