BREAKING: Dangote crashes petrol price from N970 to N899 per litre, second time in 24 days
*Price cut down by N70.50k selling N899.50k as govt's NNPCL price remains N1,040 per litre
By BASHIR ADEFAKA
Dangote’s latest decision has further pushed the Kano State-born multi-faceted entrepreneur, Alhaji Aliko Dangote, on the lead as one with privately owned crude oil processing conglomerate selling the essential commodity far less than government’s price.
In 24 days after Saturday November 24, 2024 price reduction, Dangote Petroleum Refinery has again reduced the price of its Premium Motor Spirit (PMS) for the second time, this time crashing the product price from N970 to N899.50k per litre.
Dangote’s latest decision has further pushed the Kano State-born multi-faceted entrepreneur, Alhaji Aliko Dangote, on the lead as one with privately owned crude oil processing conglomerate selling the essential commodity far less than government’s price.
The DEFENDER reports that all along, fuel has been cheaper at the outlets of Independent Petroleum Marketers being that they sell Dangote Refinery’s petrol as against NNPCL and major marketers’ outlets which sell fuel refined locally by government’s crude oil processing company.
Dangote announced its new price reduction morning of Thursday December 19, 2024 via a statement signed by the Dangote Group Chief Branding and Communications Officer, Mr. Anthony Chiejina.
According to the statement, the decision reducing the PMS price was taken to “provide much-needed relief for Nigerians ahead of the holiday season”.
“Africa’s first privately-owned oil refinery, which previously lowered the price to N970 per litre on November 24, has now announced a new price of N899.50 per litre. This reduction is designed to ease transport costs during the festive period,” read the statement signed by the Group’s Chief Branding and Communications Officer, Anthony Chiejina.
He added that the company also introduced a special offer to further benefit consumers.
“In addition to the holiday discount, Dangote Petroleum Refinery is allowing consumers to purchase an additional litre of fuel on credit for every litre bought on a cash basis.”
“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,” said Chiejina.
The refinery also expressed its gratitude to Nigerians for their continued support as the country enters the festive season.
Chiejina further emphasised the refinery’s commitment to ensuring Nigerians have access to premium quality petroleum products that are competitively priced, as well as environmentally and engine friendly. He highlighted that the refinery’s operations mark the end of Nigeria being a dumping ground for substandard and ‘blended’ imported products, which have posed significant risks to human health, machinery, and the environment.
The Dangote Refinery, with a capacity of 650,000 barrels per day (BPD), is the largest single-train refinery in the world. It is fully capable of meeting 100% of Nigeria’s refined petroleum product requirements, with a surplus available for export.
