In a move expected to bring relief to Nigerian consumers, Dangote Petroleum Refinery has announced a price reduction of Premium Motor Spirit (PMS), also known as petrol, from N950 to N890 per litre.
The new price, which takes effect immediately, is attributed to favourable global energy market trends and a significant decline in international crude oil prices.
According to Anthony Chiejina, Group Chief Branding and Communications Officer, Dangote Refinery’s decision to reduce the price demonstrates its commitment to aligning with market realities and ensuring consumers benefit from changes in global crude oil prices.
This price adjustment is expected to have a positive impact on the economy, reducing the cost of petrol nationwide and driving down the prices of goods and services.
Dangote Refinery has urged marketers to pass on the benefits of the reduced price to the Nigerian public, while reaffirming its support for the government’s economic revival plan.
The refinery plans to continue introducing innovative strategies aimed at safeguarding the interests of Nigeria and its citizens.
This move is seen as a vital step in stabilising the country’s economy and ensuring that the benefits of lower fuel prices are felt across all sectors.
