The Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from ₦990 to ₦970 per litre.
The move, effective immediately, was confirmed on Sunday by the company's Chief Branding and Communications Officer, Anthony Chiejina, in a public statement.
Describing the reduction as a gesture of appreciation, Chiejina highlighted the support of Nigerians and the government in making the refinery a reality.
“This is our way of thanking Nigerians for their unwavering support in making the refinery a dream come true,” he stated.
The refinery, located in Lekki, Lagos, is Africa's largest petrochemical complex.
The price slash allows oil marketers to save ₦20 per litre, a development expected to ease supply chain costs and enhance profitability for distributors.
“This reduction also serves as a token of gratitude to the government for its support.
“It complements measures aimed at encouraging domestic enterprise for our collective well-being," the statement read.
The company emphasized its commitment to maintaining high-quality, environmentally friendly, and sustainable petroleum products.
It assured stakeholders that production would be scaled up to meet domestic fuel demands, ensuring a steady supply and mitigating any concerns of shortages.
Copyright Notice: All rights reserved. The content on this website, including text and other digital materials, may not be reproduced, published, broadcast, rewritten, or redistributed, in whole or in part, without the express written consent of THE NEWS ACCELERATOR NETWORK.
For advertising inquiries, news coverage, or press releases, please contact us at thenewsacceleratornetwork@gmail.com or call 08144048512, 08051017159.
Post a Comment