Dangote Refinery and Petrochemical Company has reduced the price of a litre of petrol to N899 for independent marketers.
The price reduction was announced by Anthony Chiejina, the company’s chief branding and communications officer, in a statement on Thursday.
Independent marketers are private gasoline distributors who have depot facilities and networks of retail stations through which end users buy fuel from.
The Africa’s first privately-owned oil refinery, which previously lowered the price to N970 per litre on November 24, has now announced a new price of N899.50 per litre.
Dangote refinery offers holiday sales
The statement reads: “Dangote petroleum refinery has reduced the price of its Premium Motor Spirit product to below N900 per litre, to provide much-needed relief for Nigerians ahead of the holiday season. This reduction is designed to ease transport costs during the festive period.
“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.
“To 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.
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“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 from Access Bank, First Bank, or Zenith Bank.
“The refinery also expressed its gratitude to Nigerians for their continued support as the country enters the festive season.”
Chiejina further emphasised 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.
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.
This price reduction will translate to a slightly reduced petrol price at the pump.
However, Dangote’s statement tagged the reduction a “holiday bonanza”. It is not clear if the Dangote Group will maintain the petrol price reduction in 2025.
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