Petrol Price Still N1,025 Per Liter Despite Dangote Refinery Slash

Another expert who pleaded to be anonymous said: “The market has been deregulated. The price of crude oil has fallen from more than $73 per barrel to $72 per barrel, meaning that refiners now pay less for crude oil. This and other factors should force the price of gasoline to drop.”

Earlier, in communicating the price reduction, Dangote stated: “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.”
The refinery also expressed its gratitude to Nigerians for their continued support as the country enters the festive season.

The Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, also said the refinery is committed to ensuring Nigerians have access to premium-quality petroleum products that are competitively priced as well as environmentally and engine-friendly. He also said 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.