Dangote Refinery Reduces Ex-Depot Price To ₦970 Per litre Of Petrol - EDU-BIZNEWS

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Sunday, November 24, 2024

Dangote Refinery Reduces Ex-Depot Price To ₦970 Per litre Of Petrol




The Multi-billion dollar Dangote Petroleum Refinery has announced a reduction in its price of the Premium Motor Spirit (PMS), also known as petrol, to ₦970 per litre for oil marketers in the country 

The company’s Chief Branding and Communications Officer, Anthony Chiejina who revealed this in a statement on Sunday, says  the decision is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true”.

The move according to the statement, is a cut from the refinery’s ₦990 ex-depot price announced earlier this month.

"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,” the statement partly read.

“While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.

“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.”

The slash would help marketers save about ₦20 on each litre of petrol bought from the Lekki-based plant.

It will be recalled that the company had been at longer heads with the oil marketers under the Independent Petroleum Marketwrs of Nigeria (IPMAN) who accused the Refinery of charging higher  ex-depot price than the imported fuel 

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