Oil marketers sourcing “Premium Motor Spirit”, “PMS”, also known as petrol, from the Dangote Petroleum Refinery have reduced the price by 11.8 percent to N939.50 per litre, down from N1,060 per litre.
As of Thursday, December 19, petrol was still being sold at N1,060 per litre in Lagos and surrounding areas.
However, by Friday, MRS, a leading marketer, along with others, had adjusted their prices, now selling at N939.50 per litre.
It’s worth noting that the Dangote Petroleum Refinery had earlier lowered the ex-pump price of petrol to N899.50 per litre, down from N970 per litre.
According to the refinery, this price reduction is intended to offer much-needed relief to Nigerians ahead of the holiday season.
Anthony Chiejina, the Chief Branding and Communications Officer of Dangote Group, made this announcement.
“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on “PMS” (“petrol”). From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM,” Chiejina said.
‘‘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.”
More to come…
