Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS), popularly known as petrol, yet again to ₦899.50k per litre.
In a statement issued by the Group Chief Branding and Communications Officer of Dangote Group, Mr. Anthony Chiejina, the company said that the reduction is part of its efforts to provide much-needed relief for Nigerians ahead of the yuletide season.
Recall that the refinery had earlier dropped the price of its fuel to ₦970 from ₦990 per litre on Sunday, November 24, 2024. However, it reiterated that the latest development is designed to ease transport costs during the festive period.
Mr. Chiejina disclosed that the company has also introduced a special offer to further benefit consumers, an initiative that allows them to purchase an additional litre of fuel on credit for every litre bought on a cash basis.
“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS. From today, our petrol will be available at ₦899.50 per litre at our truck loading gantry or SPM. Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank,” he said.
The refinery expressed gratitude to Nigerians for their continued support as the country enters the festive season.
Chiejina emphasised the refinery’s commitment to ensuring Nigerians have access to premium quality petroleum products that are competitively priced, as well as environmentally and engine friendly.
He highlighted that the refinery’s operations mark the end of Nigeria being a dumping ground for substandard and ‘blended’ imported products, which have posed significant risks to human health, machinery, and the environment.
“The Dangote Refinery, with a capacity of 650,000 barrels per day (BPD), is the largest single-train refinery in the world. It is fully capable of meeting 100% of Nigeria’s refined petroleum product requirements, with a surplus available for export,” the statement added.
