By Uzair Adam
The Dangote Petroleum Refinery has announced a reduction in its ex-depot price for Premium Motor Spirit (PMS), commonly known as petrol.
Effective immediately, oil marketers will now purchase petrol from the refinery at a reduced rate of ₦970 per liter.
Anthony Chiejina, the company’s Chief Branding and Communications Officer, confirmed the price reduction in a recent statement.
He attributed the decision to the refinery’s commitment to supporting Nigerians and expressed gratitude for the ongoing support in making the refinery a reality.
The new price represents a significant decrease from the previous ex-depot price of ₦990 per liter, which was announced earlier this month.
The refinery reiterated its dedication to providing high-quality, environmentally friendly fuels while also addressing the nation’s fuel supply needs.
This price reduction is expected to have a positive impact on the retail price of petrol, potentially leading to further relief for consumers at the pump.
The refinery’s commitment to supporting the Nigerian market is evident in this move, as it strives to contribute to a more stable and affordable fuel supply.