Dangote Petroleum Refinery has announced a new reduction in the ex-depot price of premium motor spirit (PMS), bringing the cost down to ₦899.50 per litre. This adjustment, aimed at easing transportation expenses during the festive season, was confirmed by Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, in a statement released on Thursday.
“The reduction reflects our commitment to providing relief for Nigerians during the holiday season,” Chiejina stated. He further disclosed that the refinery, Africa’s largest privately-owned facility, had previously lowered the price to ₦970 per litre on November 24, marking a continued effort to address consumer needs.
To enhance affordability, Dangote Refinery has introduced an innovative incentive: customers purchasing petrol with cash will be eligible to buy an additional litre on credit, provided they secure a bank guarantee from Access Bank, First Bank, or Zenith Bank. This initiative is expected to provide added financial flexibility for Nigerians navigating holiday expenses.
Chiejina emphasized the refinery’s role in delivering high-quality, environmentally friendly fuel products that align with global standards, eliminating the country’s dependence on substandard imports. The refinery’s operation has been transformative, improving product quality while reducing health and environmental risks associated with blended imports.
“The festive period is a time for joy, and Dangote Refinery is committed to supporting Nigerians with affordable and quality petroleum products,” Chiejina said.
The reduction in petrol prices, coupled with consumer-focused incentives, underscores Dangote Refinery’s dedication to easing financial burdens while setting new benchmarks for service delivery in Nigeria’s petroleum sector.
