Dangote Refinery Slashes Petrol Price From 950 To 890 Naira Per Litre.

*Dangote Refinery Slashes Petrol Price to N890 Per Litre*

In a move expected to bring relief to Nigerians, Dangote Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit, popularly known as petrol, from N950 to N890 per litre, effective immediately.

According to a statement released by the Dangote Group Chief Branding and Communications Officer, Anthony Chiejina, the price adjustment is in response to favourable developments in the global energy sector and a significant decline in international crude oil prices.

Chiejina explained that the latest move follows a decision made on January 19, when a modest price increase was implemented due to rising crude oil costs.

However, with the recent global market trends indicating a decline, Dangote Refinery has once again adjusted its pricing structure, providing relief to Nigerians.

“This reduction from N950 to N890 will result in a meaningful decrease in the cost of petrol nationwide,” Chiejina said. “Dangote Petroleum Refinery firmly believes that this reduction will have a positive ripple effect throughout the broader economy.”

The price reduction is expected to significantly lower the cost of petrol across the country, bringing relief to consumers and businesses alike.