The Dangote Petroleum Refinery says it has reduced the price of its Premium Motor Spirit, popularly known as petrol, from N990 per litre to N970/litre.
This is disclosed in a statement released on Sunday by the Group Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina.
He said the reduction was to appreciate Nigerians as the year ends.
“As the year comes to an end, this is our way of appreciating the good people of Nigeria for their unwavering support in making the refinery a dream come true.
“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 read.
Chiejina said the refinery would not compromise on the quality of its petroleum products while assuring Nigerians of the 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 statement concluded.
Major Energies Marketers Association of Nigeria said on Friday that the landing cost of imported petrol is now N971/litre.
The spokesman, Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said the agreement between IPMNAN and the Dangote refinery is gradually pushing down the price of PMS.
