Dangote Refinery has once again reduced the price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre, effective immediately.
This is the second price reduction within a week, following last week’s reduction from N880 to N840 per litre.
With assurance of steady supply of petroleum products, more independent marketers have joined the growing list of distributors retailing Dangote Refinery’s high-quality petroleum products across the country.
The refinery’s existing partners are expected to reflect the new pricing at their retail outlets.
Several new marketing companies have joined Dangote’s distribution network, including TotalEnergies, Garima Petroleum, Sunbeth Energies, and others. This expansion is expected to improve access to refined products across Nigeria.
The Dangote Refinery recently announced that it has invested over N720 billion to implement its initiative of deploying 4,000 Compressed Natural Gas-powered trucks for the nationwide distribution of petroleum products.
This initiative is expected to save Nigerians over N1.7 trillion annually and benefit over 42 million Micro, Small and Medium Enterprises (MSMEs) by reducing energy costs and enhancing profitability.
From August 15, Dangote will begin the direct delivery of petrol and diesel to filling stations, industrial facilities, and other high-volume consumers, eliminating transportation costs for fuel marketers and large-scale consumers, and expected to help reduce pump prices and inflation.
Comment here