Dangote Petroleum Refinery has denied claims that the recent reduction in pump prices by oil marketers is as a result of the Federal Government’s suspension of the 15% import tariff on Premium Motor Spirit (PMS) and diesel.
Instead, the refinery attributed the price cut to its own reduction of PMS gantry and coastal prices by 5.6% on November 6.
According to Dangote, the price adjustment was implemented before marketers adjusted their pump prices, and it is not connected to the import tariff suspension.
The refinery reduced its PMS gantry price from N877 to N828 per litre and its coastal price from N854 to N806 per litre.
Dangote Refinery emphasized its commitment to supplying high-quality petroleum products at competitive prices, ensuring Nigerian consumers receive value for money.
With a long-term investment exceeding $20 billion, the refinery remains dedicated to Nigeria’s energy sector and is unfazed by temporary policy shifts.
The refinery expressed concern over misleading publications attempting to distort facts and misinform the public.
Dangote Refinery assured stakeholders that it will continue to operate with integrity, transparency, and an unwavering commitment to Nigeria’s energy security.
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