The Dangote Petroleum Refinery announced on Sunday that it has reduced the price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦970 per litre for oil marketers.
Anthony Chiejina, the company’s Chief Branding and Communications Officer, made the announcement in a statement, explaining that the price reduction is a gesture of appreciation to Nigerians for their steadfast support in bringing the refinery to fruition.
This new price marks a decrease from the previously announced ₦990 ex-depot price earlier this month.
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“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 price reduction would enable marketers to save approximately ₦20 on every litre of petrol purchased from the Lekki-based plant.
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