Dangote Refinery has announced a reduction in the price of Premium Motor Spirit to N899.50 per litre, in a bid to offer Nigerians some relief as the holiday season approaches.
This was contained in a statement issued by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, on Thursday.
The refinery, Africa’s first privately-owned oil refining facility, had previously cut the price to N970 per litre on November 24.
The latest reduction aims to ease transportation costs during the festive period, a time when Nigerians often face increased travel expenses.
Announcing the special purchase offer, Chiejina said consumers can now buy an additional litre of fuel on credit for every litre purchased in cash, provided they secure a bank guarantee from Access Bank, First Bank, or Zenith Bank.
“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,” Chiejina said.
The refinery thanked Nigerians for their continued patronage and reiterated its commitment to supplying high-quality, environmentally friendly petroleum products at competitive prices.
Chiejina emphasised that the Dangote Refinery is ending Nigeria’s dependence on substandard and blended imported petroleum products, which have historically harmed human health, machinery, and the environment.