Dangote Refinery has announced a reduction in the price of its Premium Motor Spirit (PMS) from N990 to N970 per litre.
Anthony Chiejina, Dangote Group’s chief branding and communications officer, revealed this in a statement via the company’s X page on Sunday, November 24, 2024.
According to Chiejina, the refinery has slashed the price of petrol for marketers from N990 to N970 per litre, giving them N20 per litre savings.
He said:
This comes after Dangote Refinery recently resumed importing crude oil from the US after a three-month break.
The move comes as the facility ramps up production to meet growing domestic and regional demands.
A recent report disclosed on Wednesday, November 20, 2024 that a cargo carrying two million barrels of West Texas Intermediate crude from Chevron Corp will be delivered to the refinery in December.
TimesNow.com.ng earlier reported that the Dangote Refinery commenced exportation of petrol to neighbouring West African countries.
This indicated that the mega-refinery’s operations could soon potentially shake up regional fuel markets.
A Bloomberg report stated this, quoting data from Vortexa, Kpler, Precise Intelligence, a port report, and a ship-tracking platform.
Proofreading by James, Ojo Adakole, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
