The Dangote Petroleum Refinery has announced that it has reduced the ex-depot prices of petrol from N1,215 per litre to N1,165, amounting to a N50 reduction and diesel from N1,650 per litre to N1,570, representing a N80 reduction.
These were contained in a press statement issued on Wednesday by the company, stating that the reductions were part of its efforts to make petroleum products more affordable.
The statement read, “Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel), reaffirming its commitment to providing affordable, high-quality petroleum products to the Nigerian market.
“Under the new pricing structure, the refinery has reduced the ex-depot price of PMS to N1,165 per litre, down from N1,215 per litre, representing a reduction of N50 per litre.
Similarly, the ex-depot price of Diesel has been reduced to N1,570 per litre from N1,650 per litre, amounting to a decrease of N80 per litre.
“The price review reflects Dangote Refinery’s ongoing efforts to enhance energy affordability, improve access to refined petroleum products, and support economic activities across Nigeria,” the statement read partly.
The refinery in the statement, added that the price review was aimed at enhancing energy affordability, improving access to refined petroleum products and supporting economic activities across Nigeria.
It further said the reductions reflect its commitment to providing “affordable, high-quality petroleum products to the Nigerian market.”
The company stated that it remained committed to ensuring stable supply while leveraging operational efficiencies to deliver value to consumers, businesses, and stakeholders, adding that it it would continue to pass on the benefits of improved operational efficiencies to consumers whenever market conditions permit.
According to it, the refinery continues to play a pivotal role in strengthening Nigeria’s energy security, reducing reliance on imports, and supporting the nation’s economic development through the supply of world-class petroleum products.