Dangote Petroleum Refinery on Thursday announced a reduction in prices of its Premium Motor Spirit (PMS) also known as petrol, to N899.50 per litre, saying the move was to offer relief to Nigerians during the holiday season.
The announcement, made in a statement revealed that the price cut follows an earlier reduction to N970 per litre on November 24 and aims to ease transportation costs as festive activities peak.
“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. This reduction is designed to ease transport costs during the festive period,” read the statement signed by the group’s chief branding and communications officer, Anthony Chiejina.
He added that the company also introduced a special offer to further benefit consumers.
“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. 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.