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Energy & Oil

Dangote Refinery Announces Reduction of Petrol Price to ₦899.50 per Litre

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: December 19, 2024
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2 Min Read
Dangote Refinery
Dangote Refinery
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he Dangote Petroleum Refinery has announced a reduction in the ex-depot price of its Premium Motor Spirit (PMS), also known as petrol, to ₦899.50 per litre, effective immediately.

This announcement was made in a statement on Thursday by Anthony Chiejina, the Group Chief Branding and Communications Officer of Dangote Group.

The reduction is aimed at providing much-needed financial relief to Nigerians during the holiday season.

“Africa’s first privately-owned oil refinery, which previously lowered the price to ₦970 per litre on November 24, has now announced a new price of ₦899.50 per litre,” Chiejina said.

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The price cut is part of a broader strategy to alleviate transportation costs during the festive period.

In addition to the price reduction, Dangote Refinery introduced a special offer to further benefit consumers. For every litre purchased on a cash basis, customers will be allowed to buy one extra litre on credit, provided they secure a bank guarantee from Access Bank, First Bank, or Zenith Bank.

“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS,” Chiejina explained.

“From today, our petrol will be available at ₦899.50 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.”

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Chiejina emphasized the refinery’s dedication to providing Nigerians with premium-quality petroleum products that are competitively priced, environmentally friendly, and designed to support engine efficiency.

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ByMuhammad A. Aliyu
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Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
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