Dangote Refinery Reduces Petrol Price Ahead of Xmas 2024

Dangote Refinery has reduced Petrol Price ahead of Xmas 2024.

Newsone Nigeria reports that Dangote Refinery has announced another reduction in the price of Premium Motor Spirit, PMS, or petrol.

This online news platform understands that Dangote Refinery’s spokesperson, Anthony Chiejina, disclosed this in a statement released on its official X account on Thursday, December 19, 2024.

The oil firm reduced its petrol ex-depot price to N899.50 per litre, down from N970.

“…We have now announced a new price of N899.50 per litre. This reduction is designed to ease transport costs during the festive period.

“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 development came after the company reduced petrol prices to N970 per litre in November 2024.

Meanwhile, Newsone reports that the Nigerian National Petroleum Company Limited (NNPC), and oil marketers have also reduced petrol prices in their retail outlets.