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Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS) from N950 to N890.
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The price reduction is attributed to the positive outlook in global energy and gas markets.
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Dangote Petroleum Refinery expects the price reduction to drive down the cost of petrol nationwide.
Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) from N950 to N890, effective February 1, 2025.
This development is a direct response to the positive outlook in global energy and gas markets, as well as the recent decrease in international crude oil prices.
READ ALSO: Court Adjourns Dangote Refinery’s N100bn Suit Against Marketers
According to a statement signed by the Group Chief Branding and Communication Officer, Anthony Chiejina, “Dangote Petroleum Refinery firmly believes that this reduction from N950 to N890 will result in a meaningful decrease in the cost of petrol nationwide, thereby driving down the prices of goods and services, as well as the overall cost of living, with a positive ripple effect on various sectors of the economy.”
The refinery called upon marketers to collaborate in this effort, ensuring that the benefits of the price reduction are passed on to the Nigerian populace.
Dangote Refinery Increases Ex-Depot Price, Partners to Sell Petrol at ₦970 per Litre
Dangote Refinery has announced an increase in its ex-depot price of fuel from ₦899.50 to ₦950 per litre.
According to the refinery’s spokesman, Anthony Chiejina, the price adjustment is directly related to the significant increase in global crude oil prices.
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