The Dangote Petroleum Refinery claims it has dropped the price of its Premium Motor Spirit from N990 to N970 per liter.
In a statement made on Sunday, the Dangote Group’s Group Chief Branding and Communications Officer, Anthony Chiejina, stated that the reduction was intended to show appreciation to Nigerians as the year came to a close.
“As the year comes to an end, this is our way of appreciating the good people of Nigeria for their unwavering support in making the refinery a dream come true. In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement read.
Chiejina said the refinery would not compromise on the quality of its petroleum products while assuring Nigerians of the best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply,” the statement concluded.
Recall that the Major Energies Marketers Association of Nigeria said on Friday that the landing cost of imported petrol is now N971/liter.
Recently, both independent and major marketers reported that petrol pump prices had begun to fall in many parts of Nigeria as a result of the competition brought about by the deregulation of the downstream industry.
Chinedu Ukadike, the spokesman for the Independent Petroleum Marketers Association of Nigeria, stated that the deal between IPMAN and Dangote is steadily driving down the price of PMS.
