Dangote Refinery has announced a price reduction of its Premium Motor Spirit (PMS), also known as petrol for marketers from N970 per litre to N899.50 per litre.
Anthony Chiejina, the company’s Group Chief Branding and Communication Officer, made this known in a statement on Thursday.
Recently, the company had also announced a price reduction from N990 per litre to N970 per litre for the marketers. At the time, the company said the reduction was a way to show appreciation for Nigerians and their unwavering support in making the refinery a dream come true.
In its statement, the company said the reduction was 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 Premium Motor Spirit (PMS). From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM,” Mr Chiejina said.
Furthermore, he said that for every litre purchased on a cash basis, consumers can buy another litre on credit backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.
The refinery thanked Nigerians for their continued support as the country enters the festive season.
Mr Chiejina emphasised the refinery’s commitment to ensuring Nigerians have access to premium quality petroleum products that are competitively priced, environmentally friendly, and engine friendly.
He highlighted that the refinery’s operations mark the end of Nigeria being a dumping ground for substandard and ‘blended’ imported products, which have posed significant risks to human health, machinery, and the environment.
In October, Aliko Dangote, founder and president/chief executive of the Dangote Group, said his refinery has more than 500 million litres of petrol in stock, but marketers have not been picking up the product.
