Dangote Petroleum Refinery on Sunday announced a N20 reduction in the ex-refinery price to marketers, with prices moving from N990 to N970 per litre.
The Group Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina, disclosed the new pricing in a statement, describing the development as a gesture of appreciation to Nigerians and the government for their unwavering support.
With the drop in the price of crude oil, the price of Premium Motor Spirit (PMS) should slightly decrease, given that crude oil is a major determinant of the eventual price of petroleum products.
“As the year comes to an end, this is our way of appreciating the good people of Nigeria for their unwavering support in making the refinery a dream come true. In addition, this is to thank the government for their support, as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” Chiejina said.
The refinery, which commenced operations earlier this year, has been pivotal in reshaping Nigeria’s downstream petroleum landscape.
Chiejina assured that the Dangote Refinery would continue to maintain stringent quality standards for its products while working to address Nigeria’s fuel supply challenges.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption, thus dispelling any fear of a shortfall in supply,” he added.
