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BUSINESS

Dangote slashes petrol price to N899.50 per litre

December 19, 2024 • 2 min read

December 19, 2024

By Adedoja Adesoji

Dangote Petroleum Refinery has announced a reduction in the price of its Premium Motor Spirit (PMS) product to N899.50 per litre.

This decision, according to the company, is aimed at providing relief for Nigerians ahead of the holiday season.

The company previously lowered the price to N970 per litre on November 24.

The new price reduction is designed to ease transport costs during the festive period.

Anthony Chiejina, the Group’s Chief Branding and Communications Officer, stated that the company has also introduced a special offer to further benefit consumers.

“In addition to the holiday discount, Dangote Petroleum Refinery is allowing consumers to purchase an additional litre of fuel on credit for every litre bought on a cash basis,” he said.

Chiejina explained that the holiday discount on PMS will be available at N899.50 per litre at the company’s truck loading gantry or SPM.

He also emphasized the refinery’s commitment to ensuring Nigerians have access to premium quality petroleum products that are competitively priced, as well as environmentally and engine friendly.

The Dangote Refinery, with a capacity of 650,000 barrels per day (BPD), is the largest single-train refinery in the world. It is fully capable of meeting 100% of Nigeria’s refined petroleum product requirements, with a surplus available for export.