The Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to ₦970 per litre for oil marketers.
In a statement on Sunday, the company’s Chief Branding and Communications Officer, Anthony Chiejina, described the price cut as a token of appreciation to Nigerians for their unwavering support in realizing the refinery’s vision.
This adjustment represents a ₦20 decrease from the previous ex-depot price of ₦990 per litre, which was set earlier this month.
“The adjustment is also our way of expressing gratitude to the government for their support, as it aligns with efforts to encourage domestic enterprise for the collective good of the nation,” the statement read.
The refinery reassured stakeholders of its commitment to maintaining the highest standards in its petroleum products, emphasizing their environmental sustainability.
It further pledged to increase production to meet and exceed domestic fuel demand, alleviating concerns over supply shortages.
This price slash provides oil marketers with significant cost savings on each litre of petrol sourced from the Lekki-based refinery.