Home BUSINESS OIL & GAS Dangote Refinery Reduces Ex Depot Price Of Petrol To N970 Per Litre

Dangote Refinery Reduces Ex Depot Price Of Petrol To N970 Per Litre

The Dangote Petroleum Refinery has announced a reduction in its ex-depot price of premium motor spirit (PMS), also known as petrol, to N970 per litre for oil marketers.
This is a cut from the refinery’s N990 ex-depot price announced earlier this month.
A statement today, November 24, by Dangote Group’s chief branding and communications officer, Anthony Chiejina, said that the slash in the price would help marketers save about N20 on each litre of petrol bought from the Lekki-based plant.
He said that the move is the refinery’s way of appreciating Nigerians “for their unwavering support in making the refinery a dream come true.
“In addition, this is to thank the government for its support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being.”
The statement reads: “While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.
“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”
On November 11, the Independent Petroleum Marketers Association of Nigeria (IPMAN) reached an agreement with the refinery to lift petrol and diesel directly.
The national president of IPMAN, Abubakar Garima, said that the partnership would ensure a steady, affordable supply of PMS products nationwide.

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