See more as Dangote slashes fuel price to N890 at six major filling stations

• Dangote Petroleum Refinery has announced a simplification successful its petrol terms for some marketers and its partners
• For marketers, Dangote Refinery reduced the substance terms by N30, portion its partners besides lowered the retail price
• The terms contention is seen arsenic bully quality for Nigerians, with expectations of further reductions

Legit.ng writer Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

Dangote Petroleum Refinery has slashed the pump terms of petrol to N890 per litre from N920 per litre astatine its retail partners' filling stations.

The terms chopped follows the refinery’s determination to little its gantry terms of Premium Motor Spirit (PMS) from N865 to N835 per litre,

Dangote crashes substance price Photo credit: Bloomberg/contributor
Source: Getty Images

According to a connection issued by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group, the latest reduction aims to easiness the fiscal load connected Nigerians.

Below is the afloat database of spouse lipid marketers offering Dangote petrol astatine the caller N890 price:

• MRS Oil
• AP (Ardova)
• Heyden Petroleum
• Optima Energy
• Hyde Energy
• Tecno Oil

The prices alteration somewhat by region, with income astatine N900 successful the South-West, N910 successful the North-West and North-Central, and N920 successful the South-East, South-South, and North-East.

Dangote, successful its statement, noted that these retail partners volition merchantability astatine N890 per litre successful Lagos, down from the erstwhile N920, Punch reports.

Chiejina noted that the refinery is moving intimately with marketers to guarantee the terms simplification is reasonably reflected crossed the country.

Part of the connection reads:

"These terms reductions reaffirm our committedness to providing high-quality petrol astatine affordable rates, benefiting consumers crossed the nation. In addition, we are moving collaboratively with our partners to guarantee equitable reflection of this terms reduction."

Dangote terms simplification to trigger caller petrol terms successful Nigeria Photo credit: Bloomberg/contributor
Source: Getty Images

Dangote commits to substance terms reduction

Aside from the petrol reduction, Dangote revealed that diesel and Liquefied Petroleum Gas (LPG) person besides experienced important terms reductions owed to the refinery's sustained efforts.

The connection added:

"Dangote Petroleum Refinery has remained committed to lowering the prices of petrol and different refined products, ensuring continued benefits for Nigerian consumers.“We judge this latest simplification successful PMS prices volition person a affirmative ripple effect crossed cardinal sectors, offering alleviation to consumers and supporting economical growth, particularly during the Easter season.”The refinery besides reaffirmed its committedness to maintaining a dependable proviso of high-quality petroleum products, with capable reserves to conscionable section request and a surplus for export. This attack aims to stabilise the home marketplace portion boosting Nigeria’s overseas speech earnings.

Dangote Petroleum Refinery added that it has capable banal to conscionable section request and support export commitments.

The institution besides urged different downstream players to root their substance straight from the refinery to guarantee consumers payment from the little prices.

NNPC petrol terms reduced to N910 per litre

Earlier, Legit.ng reported that the Nigerian National Petroleum Company Limited (NNPCL) had slashed its petrol pump terms to N910 per litre.

This caller terms represents a N15 simplification from the erstwhile pump terms of N925 per litre.

Despite the reduction, Dangote’s caller petrol price, on with that of Ardova and different partners, remains cheaper.

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Source: Legit.ng