Dangote Refinery Reduces PMS Price To N970 As Year-End Appreciation

BY ABU-SATAR HAMED

LAGOS, NIGERIA – Dangote Refinery has reduced the price of Premium Motor Spirit (PMS) to N970 per liter, offering relief to consumers struggling with high fuel costs.

The announcement was made in a statement by Anthony Chiejina, the Group Chief Branding and Communications Officer, on Sunday, November 24, 2024.

“This reduction is our way of appreciating the good people of Nigeria for their unwavering support in making the refinery a dream comes true,” Chiejina said. He also acknowledged government backing, stating that the move aligns with measures to support domestic enterprise and collective well-being.

Chiejina assured Nigerians that the refinery remains committed to delivering high-quality, environmentally friendly, and sustainable petroleum products.

“We are determined to ramp up production to meet and surpass domestic fuel consumption, dispelling fears of any supply shortfall,” he added.

The price reduction is expected to ease transportation costs and provide relief to households and businesses impacted by rising energy expenses.

Observers note that this move reflects Dangote’s dedication to market stabilization and competitive pricing, reinforcing confidence in the local refining sector and potentially influencing fuel pricing trends nationwide.