See more as Dangote speaks on expected petrol price, promises Nigerians

• The emergence successful planetary crude lipid prices has raised concerns that petrol prices volition emergence again astatine filling stations
• Dangote Petroleum Refinery, which present supplies a ample information of the market, person promised terms stableness
• The refinery is located successful the Lekki Free Zone adjacent Lagos, and has a capableness of 650,000 barrels per day

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 and Petrochemicals has expressed a committedness to keeping petrol prices unchangeable successful Nigeria, contempt fluctuations successful planetary crude lipid prices.

Anthony Chiejine, the company’s Group Chief Branding and Communications Officer, disclosed this successful a connection issued successful Lagos connected Monday, April 9.

Dangote refinery promises unchangeable petrol prices Photo credit: Bloomberg/contributor
Source: Getty Images

According to the statement, Dangote has consistently reduced the pump terms of Premium Motor Spirit (PMS) and volition proceed to enactment the Nigerian economy by easing the fiscal load connected consumers.

The institution said its pricing strategy aligns with the government’s “Nigeria First” argumentation and President Bola Tinubu’s economical betterment agenda, known arsenic the Renewed Hope Initiative, which prioritises section accumulation and nationalist development, Punch reports.

Part of the connection reads:

“Our determination reflects our committedness to delivering affordable, high-quality petroleum products without compromising ratio oregon sustainability."“Refining petroleum products locally astatine the world’s largest single-train refinery allows america to importantly lend to Nigeria’s vigor security, conserve overseas exchange, and bolster economical resilience."

Dangote credited the national government’s Naira-for-Crude Initiative for helping to bring down substance prices and reaffirmed the refinery’s absorption connected operational excellence and nationalist service.

The connection added:

“Affordability, quality, and nationalist involvement volition ever usher our operations."

Recently, President of the Dangote Group, Aliko Dangote, visited President Bola Tinubu successful Abuja, lauding him for what helium described arsenic his caller ‘revolutionary changes’ successful the lipid and state sector, geared towards redeeming the country.

Africa’s richest antheral besides praised Tinubu for assembling a ‘capable’ enactment squad astatine the Nigerian National Petroleum Company Limited (NNPC).

Dangote petrol terms to go affordable. Photo credit: Bloomberg/contributor
Source: Getty Images

Dangote petrol prices

Recently, the refinery announced a terms slash for its products, arsenic good arsenic revised retail prices for petrol astatine all its spouse filling stations.

A breakdown of prices by determination for each six partners is arsenic follows:

• Lagos: N890 per litre
• South-West: N900 per litre
• North-West and North-Central: N910 per litre
• South-East, South-South and North-East: N920 per litre

A connection precocious shared announcing the terms simplification reads:

"Dangote Petroleum Refinery has consistently worked to trim the prices of petrol and different refined petroleum products, ensuring the continued payment of Nigerian consumers. "Furthermore, Dangote Petroleum Refinery calls connected manufacture stakeholders, including marketers and distributors, to proceed sourcing their products from the refinery, ensuring that the benefits of these terms reductions are afloat realized crossed the country."

Depot owners stock caller findings connected PH, Warri refineries

Earlier, Legit.ng reported that the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) have revealed that the NNPC’s Port Harcourt and Warri refineries are not producing petrol.

The DAPPMAN noted that its members are presently incapable to acquisition from the refineries, citing their constricted output of petrol-grade products.

The depot owners person raised concerns astir the cognition of the Dangote refinery, noting that it limiting entree for galore marketers.

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Source: Legit.ng