2025: Dangote slashes petrol value

0

Dangote Petroleum Refinery has lowered the ex-depot (gantry) value of Premium Motor Spirit (PMS), often known as petrol, to N890 per litre, from N950 per litre, efficient from Saturday, February 1, 2025.

Nonetheless, Dangote Petroleum Refinery stated the value discount was based mostly on developments within the world oil market, including that it stays dedicated to transparency and equity to all stakeholders.

In an announcement, the corporate said, “This strategic adjustment is a direct response to the optimistic outlook inside the world vitality and gasoline markets, in addition to the latest discount in worldwide crude oil costs. As a part of Dangote Refinery’s unwavering dedication to transparency and equity, this value revision displays the continuing fluctuations in world crude oil markets, as highlighted within the refinery’s assertion on nineteenth January, when a modest enhance was applied because of the beforehand rising worldwide crude oil costs.

“Dangote Petroleum Refinery firmly believes that this discount from N950 to N890 will lead to a significant lower in the price of petrol nationwide, thereby driving down the costs of products and companies, in addition to the general price of residing, with a optimistic ripple impact on varied sectors of the financial system.

“As well as, Dangote Petroleum Refinery calls upon entrepreneurs to collaborate on this effort to make sure that these advantages are handed on to the Nigerian populace. This collective initiative will contribute to the broader {economic} restoration plan led by His Excellency, President Bola Ahmed Tinubu, who is devoted to creating Nigeria self-sufficient in refined petroleum merchandise and positioning the nation as a number one oil export hub.”

It added, “Within the coming weeks, the Dangote Petroleum Refinery will roll out a collection of progressive methods geared toward delivering tangible advantages to entrepreneurs, shoppers, and all stakeholders, thereby contributing to the sustainable progress and growth of the nation.”





Leave A Reply

Your email address will not be published.