Dangote refinery continues to drive down fuel prices with N20/litre reduction

By Ezurike Ugochukwu

Dangote Refinery has reduced the price of Premium Motor Spirit (PMS) from N840 to N820 per litre, effective immediately, marking its second price cut in a week.

This development is expected to further ease the burden of fuel costs on Nigerians and boost the country’s economy.

The refinery’s spokesperson, Mr. Anthony Chiejina, confirmed the price adjustment, stating that the reduction is a result of the refinery’s commitment to providing high-quality petroleum products at competitive prices.

With this new development, more independent marketers have joined the growing list of distributors retailing Dangote Refinery’s petroleum products across the country.

The refinery has invested over N720 billion to implement its initiative of deploying 4,000 Compressed Natural Gas-powered trucks for the nationwide distribution of petroleum products.

This initiative is expected to save Nigerians over N1.7 trillion annually and reduce pump prices and inflation.

Dangote Refinery has also announced plans to begin direct delivery of petrol and diesel to filling stations, industrial facilities, and other high-volume consumers from August 15.

This move is expected to eliminate transportation costs for fuel marketers and large-scale consumers, further reducing the cost of fuel for Nigerian.