The Dangote Petroleum Refinery has reduced the price of its petroleum product per litre by N70.5.
The refinery has earlier slashed fuel price to N970 per litre in November prior to the current reduction that put new price at N899.50k per litre.
The African Giant Refinery disclosed this in a statement made available to newsmen on Thursday morning.
The company noted that the price reduction meant to “provide much-needed relief for Nigerians ahead of the holiday season”.
“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.
Chiejina 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.
The refinery also expressed its gratitude to Nigerians for their continued support as the country enters the festive season.
According to him, the refinery is committed to ensuring Nigerians have access to premium quality petroleum products that are competitively priced, environmentally and engine friendly.
He added 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.
