The Independent Monitors Group on Economic Reform (IMGER) has lauded Dangote Petroleum Refinery and MRS Oil for crashing the price of Premium petrol.
Wasiu Akande praised the two firms’ plans in a statement, saying they showed their commitment to the development and well-being of Nigerians.
Akande also called for more such collaboration between the private sector and the Nigerian government to boost economic growth and development that benefits Nigerians.
The group lauded Dangote Refinery’s special purchase offer, which allows consumers to buy extra fuel on credit secured by a bank guarantee.
According to The Nation, this initiative, according to Akande, provides added financial flexibility for consumers during the high-spending holiday period.
IMGER believes that reducing fuel prices will positively impact the Nigerian economy, lowering the cost of transportation, food, and other essential commodities.
The statement said:
The statement said the move shows the firm’s dedication to providing affordable petroleum products to Nigerian consumers.
The group disclosed that it believes Dangote and MRS’s crash in petrol prices will positively impact the Nigerian economy, helping to reduce transportation costs, food, and other key commodities.
IMGER disclosed that the move will boost economic activity, stimulate growth and enhance the overall living standards nationwide.
The group asked the Nigerian government to support and collaborate with Dangote Refinery and MRS Oil to deliver on the nation’s economic potential.
IMAGER also urged other private sector players to emulate the example of Dangote and MRS Oil by prioritising the welfare and well-being of Nigerians.
Meanwhile, reports have revealed that MRS Oil has begun enforcing N939 per litre of petrol in retail outlets, threatening to sanction erring stations,
The move comes as the company mandated its outlets to sell petrol below N1,000 per litre in agreement with Dangote Refinery.
TimesNow.com.ng earlier reported that Dangote Refinery has agreed with MRS to distribute petrol for N935 per litre through its retail outlets nationwide.
Dangote Group’s spokesman, Tony Chiejine, disclosed this in a statement on Saturday, December 21, 2024.
The mega refinery crashed petrol prices for marketers from N970 to N899 per litre to ease transportation burdens for Nigerians during the holidays.
Source: TimesNow.com.ng
