Report from our news desk has it that Dangote Petroleum Refinery has slashed the price of Premium Motor Spirit (PMS), popularly known as Petrol to N900 per litre, to provide much-needed relief for Nigerians ahead of the holiday season.
The privately-owned oil refinery, which previously lowered the price to N970 per litre on November 24, on Thursday, announced a new price of N899.50 per litre.
Our reporter who authenticated this report stated that the reduction was designed to ease transport costs during the festive period.
Though the source that hinted our platform didn’t confirm if the reduction will remain after this festive season
Synchronizing the report, In a statement issued by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina revealed that the company has also introduced a special offer to further benefit consumers.
He disclosed that the Dangote Petroleum Refinery is allowing consumers 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 N899.50 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,” said Chiejina.
The refinery also expressed its gratitude to Nigerians for their continued support as the country enters the festive season.
Chiejina further 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.
No doubt that Dangote Refinery has the capacity of refining 650,000 barrels per day (BPD), and is the largest single-trained refinery in the world.
It is fully capable of meeting 100% of Nigeria’s refined petroleum product requirements, with a surplus available for export, it added.
