Dangote Petroleum Refinery has announced a price reduction for Premium Motor Spirit (PMS), lowering it from ₦990 per litre to ₦970 per litre for marketers. The company described the move as a gesture of gratitude to Nigerians and recognition of the government’s support for domestic businesses.

In a statement on Sunday, Anthony Chiejina, Group Chief Branding and Communications Officer, expressed appreciation to Nigerians for their unwavering support, which has helped the refinery achieve operational success. The reduction also acknowledges the government’s efforts in creating a conducive environment for local enterprises.

“As the year comes to an end, this is our way of appreciating the good people of Nigeria for their unwavering support in making the refinery a dream come true. In addition, this is to thank the government for their support as this will complement the measures put in place to encourage domestic enterprise for our collective well-being,” the statement read.

The company addressed public concerns about fuel supply, assuring Nigerians of its commitment to scaling up production to meet and exceed domestic consumption demands. “We are determined to keep ramping up production to meet and surpass our domestic fuel consumption; thus, dispelling any fear of a shortfall in supply,” the statement added.

Furthermore, Dangote Refinery reaffirmed its commitment to maintaining high-quality standards, emphasizing that its products are environmentally friendly and sustainable. This price reduction underscores the company’s dedication to stabilizing the domestic fuel market while promoting environmental responsibility.