In a move that is expected to bring relief to motorists and other consumers of Premium Motor Spirit (PMS), the Dangote Petroleum Refinery has announced a reduction in the price of petrol from N990 per litre to N970/litre. This new development is a welcome respite for Nigerians who have been grappling with the high cost of fuel in recent times.
The price reduction, which takes immediate effect, is seen as a bold step by the Dangote Petroleum Refinery to cushion the effects of the high cost of living in the country. The refinery, which is one of the largest in Africa, has been at the forefront of efforts to increase the availability of petroleum products in Nigeria and reduce dependence on imported fuel.
The price reduction is also expected to have a positive impact on the economy, as it will lead to a reduction in the cost of transportation and other goods and services. This, in turn, is expected to boost economic activity and reduce the inflation rate.
The management of the Dangote Petroleum Refinery has assured motorists and other consumers of PMS that the refinery will continue to work towards ensuring the availability of petroleum products at affordable prices. The refinery has also expressed its commitment to contributing to the growth and development of the Nigerian economy.
With this price reduction, the Dangote Petroleum Refinery has demonstrated its commitment to the welfare of Nigerians and its determination to play a leading role in the development of the country’s petroleum industry.