BREAKING: Dangote Refinery crashes petrol price

The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) for marketers, lowering it from N990 per litre to N970 per litre.

Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, disclosed this in a statement on Sunday. He explained that the price cut was implemented as a gesture of goodwill toward Nigerians.

“This reduction is to appreciate the good people of Nigeria,” Chiejina stated.

The announcement comes amid ongoing discussions about fuel pricing and its impact on the economy and citizens.

“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.”

“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.”

This is the first time that the price of fuel would reduce since commencement of the deregulation of the petroleum sector.