The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), also known as petrol, to ₦970 per litre for oil marketers.
This marks a decrease from the previous ex-depot price of ₦990 per litre, which was set earlier this month.
The refinery’s Chief Branding and Communications Officer, Anthony Chiejina, made the announcement on Sunday, explaining that the price cut is a gesture of gratitude towards Nigerians for their unwavering support in bringing the refinery project to fruition.
The statement further noted that the move also serves as a thank-you to the government for its ongoing support of domestic enterprises.
Chiejina added that the reduction would complement efforts to strengthen Nigeria’s local industries for the benefit of all citizens.
“While we are committed to maintaining the highest quality standards for our petroleum products, we assure you that our products remain environmentally friendly and sustainable,” the statement read.
The refinery emphasized its commitment to scaling up production to meet and exceed domestic fuel demands, addressing any concerns about potential supply shortages.
The price reduction is expected to save marketers approximately ₦20 per litre on petrol purchased from the refinery’s Ibeju-Lekki facility in Lagos.
