Dangote Drops PMS Loading Price to N899.50

Dangote Petroleum Refinery has announced a reduction in the price of its Premium Motor Spirit (PMS) product to below N900 per litre, to provide much-needed relief for Nigerians ahead of the holiday season.

Dangote Refinery had previously lowered the petrol price to N970 per litre on November 24 and announced a new price of N899.50 per litre.

This was contained in a statement issued by the Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina. According to the statement, the reduction in the price of petrol is designed to ease transport costs during the festive period.

The statement also disclosed that the company allows consumers to purchase an additional litre of fuel on credit for every litre bought on a cash basis.

Chiejina explained, “To ease transportation costs this holiday season, Dangote Refinery is reducing the price of PMS to N899.50 per litre at our truck loading gantry or SPM. Additionally, for every litre purchased with cash, consumers can buy an extra litre on credit, secured by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”

Chiejina further emphasized the refinery’s commitment to ensuring Nigerians have access to premium quality petroleum products that are competitively priced, environmentally friendly, and engine-friendly.

The Dangote Refinery, with a capacity of 650,000 barrels per day (BPD), is the largest single-train refinery in the world. The statement reiterated that Dangote is fully capable of meeting 100% of Nigeria’s refined petroleum product requirements, with a surplus available for export.

NTA