Dangote Refinery reduces petrol price

Dangote Refinery has announced another reduction in the price of Premium Motor Spirit (PMS) or petrol.

Anthony Chiejina, the company’s spokesperson disclosed this in a statement released on its official X (formerly Twitter) account on Thursday.

The oil firm reduced its petrol ex-depot price to N899.50 per litre, down from N970.

The statement partly read, “We have now announced a new price of N899.50 per litre. This reduction is designed to ease transport costs during the festive period.

“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS. From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM.

“Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank,” said Chiejina.

This comes after the company reduced petrol prices to N970 per litre in November.

Just recently, the Nigerian National Petroleum Company Limited (NNPCL) and oil marketers had also reduced petrol prices in their retail outlets.