The Dangote Petroleum Refinery says it has reduced the price of its Premium Motor Spirit from N990 per litre to N970/litre.
In a statement released on Sunday, the Group Chief Branding and Communications Officer of the Dangote Group, Anthony Chiejina, said the reduction was to appreciate Nigerians as the year ends,as well as to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise in the country.
Chiejina said the refinery would not compromise on the quality of its petroleum products while assuring Nigerians of the best quality products that are environmentally friendly and sustainable.
Recall that the Major Energies Marketers Association of Nigeria said on Friday that the landing cost of imported petrol is now N971/litre.
Recently, both independent and major marketers confirmed that the pump prices of petrol had started reducing in many parts of the country due to the competition that the deregulation of the downstream sector has caused.
The spokesman, Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike, said the agreement between IPMAN and the Dangote refinery is gradually pushing down the price of PMS.
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