‘Relief For Nigerians’ PETROAN Hails Dangote Refinery For Slashing Petrol Price

The move by Dangote Refinery and Petrochemical Plant to slash the price of Premium Motor Spirit (PMS) popularly known as petrol to N899.50K per litre has been described as a move that will provide relief for Nigerians ahead of the Christmas and New Year holiday season.

The spokesperson for PETROAN, Joseph Obele, hailed the development in a statement on Thursday.

Earlier, Dangote Refinery’s spokesman Anthony Chiejina said the price reduction is designed to ease transport costs during the festive period.

READ ALSO: No New PMS Price Yet From Port Harcourt Refinery – PETROAN

The refinery also said consumers can purchase an additional litre of fuel on credit for every litre bought on a cash basis.

Reacting to the development, PETROAN described the move as a significant relief for motorists and Nigerians at large.

“This price reduction, a decrease of N71 per litre from the initial price of N970, is a significant relief for motorists and Nigerians at large, especially during the holiday season,” PETROAN stated.

Similarly, PETROAN President, Billy Gillis-Harry, said that the price reduction by Dangote Refinery would alleviate the suffering of Nigerians and reduce the cost of living during the festive period.

“The price reduction will alleviate the suffering of Nigerians and reduce the cost of living and transportation during this festive period,” he said.

READ ALSO:  Dangote Refinery Reduces Petrol Price To N899 Per Litre Ahead Of Festive Season

In the same vein, the Nigerian National Petroleum Company Ltd NNPCL, to also slash its ex-depot price.

“The reduction in petrol prices by Dangote Refinery has shown that competition can benefit consumers. We call on NNPCL to facilitate the privatisation of the Port Harcourt Refinery, which will introduce innovative consumer incentives, improve product quality, and enhance service delivery,” he said.