*Dangote Petroleum Refinery reduces price of its Premium Motor Spirit, also called petrol, to N899.50k as a special purchase offer to Nigerian energy consumers ahead of the holiday season

Alexander Davis | 绿帽献妻

Dangote Petroleum Refinery has announced price reduction for its Premium Motor Spirit (PMS), otherwise known as petrol, to below N900 per litre, to provide “much-needed relief” for Nigerians ahead of the holiday season.

Africa’s first privately-owned oil refinery, which previously lowered the price to N970 per litre November 24, again, said it had announced a new price of N899.50 per litre.

Mr. Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Groupq, stated this Thursday, December 19, 2024, said the latest price reduction was designed to ease transport costs during the festive period.

Chiejina said the company also introduced a special offer to further benefit energy consumers.

According to Dangote Group, besides the holiday discount, the Dangote Petroleum Refinery also is allowing consumers to purchase an additional litre of fuel on credit for every litre bought on a cash basis.

The statement further noted: 鈥淭o 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.”

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,鈥� said Chiejina.

Dangote Refinery as well expressed its gratitude to Nigerians for their continued support as the country enters the festive season.

The Refinery鈥檚 commitment to ensuring Nigerians have access to premium quality petroleum products that are competitively priced, as well as environmentally and engine friendly, stated Chiejina.

The Group Chief Branding and Communications Officer of Dangote Group also highlighted that the Refinery鈥檚 operations mark the end of Nigeria being a dumping ground for substandard and 鈥榖lended鈥� imported products, which have posed significant risks to human health, machinery, and the environment.

The Dangote Refinery, with a capacity of 650,000 barrels per day (bpd), is reputed as the largest single-train refinery in the world.

The oil-refining facility is fully capable of meeting 100% of Nigeria’s refined petroleum product requirements, with a surplus available for export.