Dangote Refinery reduces petrol price

Dangote Refinery has announced another reduction in the price of Premium Motor Spirit, PMS, or petrol.

The company disclosed this in a statement by its spokesperson, Anthony Chiejina, released on its official X account on Thursday.

The oil firm reduced its petrol ex-depot price to N899.50 per litre, down from N970.

“…We have now announced a new price of N899.50 per litre. This reduction is designed to ease transport costs during the festive period.

“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.

“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,” said Chiejina.