Dangote refinery reduces petrol price, from N990/litre to N970/litre

However,the Daily Trust reports that this is the first time that the price of fuel would reduce since commencement of the deregulation of the petroleum sector.

 Mr Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group, announced this in a statement on Sunday.

Accordingly,the company said the price was slashed from N990/litre to N970/litre “to appreciate the good people of Nigeria”.

Read also: Atiku’s subsidy return plan could push petrol price to ₦4,000 per litre, says APC Kwankwaso

The agency stated that” As the year comes to an end, this is our way of appreciating the good people of Nigeria for their unwavering support in making the Refinery a dream come true’

Also the company said In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well- being.”

However,the company emphasised that” While the refinery would not compromise on the quality of its petroleum products, we assure you of best quality products that are environmentally friendly and sustainable.

Read also: Dangote refinery cuts petrol ex-depot price to ₦699 as festive travel peaks

“We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply.”

However,the Daily Trust reports that this is the first time that the price of fuel would reduce since commencement of the deregulation of the petroleum sector.