The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) from N990 to N970 per litre.
This move, according to a press statement signed by Anthony Chiejina, Dangote Group Chief Branding and Communications Officer, dated Sunday, November 24, 2024, is intended as a gesture of appreciation towards Nigerians and the government for their support.
The statement emphasized that the refinery remains committed to producing high-quality, sustainable, and environmentally friendly petroleum products, and aims to ramp up production to meet domestic fuel consumption needs, alleviating concerns about potential supply shortages.
Text of the statement reads in full:
“Dangote Petroleum Refinery has effected a reduction in the prevailing price of its Premium Motor Spirit (PMS) from N990/litre to N970/litre for the marketers.
“As the year comes to an end, this is our way of appreciating the good people of Nigeria for their unwavering support in making the Refinery a dream come true. In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being.
“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.”
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