Yuletide: Dangote Further Crashes Price Of Petrol To N899.50K Per litre - EDU-BIZNEWS

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Thursday, December 19, 2024

Yuletide: Dangote Further Crashes Price Of Petrol To N899.50K Per litre

 

Dangote Petroleum Refinery in Lekki, Lagos has announced further cut in the price of its petrol to N899.50K per litre , as part of moves to provide relief for Nigerians ahead of the festive period of Christmas and New Year holiday

The private-owned refinery had earlier in November lowered the price of its petrol to N970 per litre lower than N1020 of  being same product being sold at retail outlets of Nigeria National Petroleum Company Limited (NNPCL) 

Spokesman of the world biggest Petrol -Chemical Refinery Company, Anthony Chiejina who announced the fresh cut in the price in a statement on Thursday, says  the price reduction is designed to ease transport costs during the festive period.

Consumers  according to the statement, can purchase an additional litre of fuel on credit for every litre bought on a cash basis from the refinery 

“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 spokesman for the refinery, with a capacity of 650,000 barrels per day (BPD), also expressed 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

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