The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦970 per litre for oil marketers.
In a statement issued on Sunday, the company’s Chief Branding and Communications Officer, Anthony Chiejina, highlighted the reduction as a gesture of appreciation to Nigerians for their steadfast support in bringing the refinery’s vision to life.
This new price marks a ₦20 decrease from the refinery’s earlier ex-depot price of ₦990 per litre, introduced earlier this month.
“The adjustment is also our way of expressing gratitude to the government for their support, as it aligns with efforts to encourage domestic enterprise for the collective good of the nation,” the statement read.
The refinery reassured stakeholders of its commitment to maintaining the highest standards in its petroleum products, emphasizing their environmental sustainability.
It further pledged to increase production to meet and exceed domestic fuel demand, alleviating concerns over supply shortages.
This price slash provides oil marketers with significant cost savings on each litre of petrol sourced from the Lekki-based refinery.
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