Dangote Woos Marketers With Reduced Petrol Price; Appreciate Nigerians

Dangote Refinery has reduced the price of petrol loaded from its depot by marketers. The company announced on Sunday that the decision was necessary to appreciate Nigerians for their unwavering support amidst the challenges it has faced recently.

The magazine reported that not a few Nigerians have berated some government agencies in the oil and gas sector for trying to stifle the operations of the company. The Nigerian National Petroleum Company Limited, NNPCL, had mostly come under severe criticisms from Nigerians for not supporting the refinery in its quest to make petrol regularly available and comparably affordable in the country.

For the unflinching support the company received from Nigerians, the refinery said it has reduced its depot price to N970 per litre from N990.

The announcement was made yesterday in a  statement by Tony Chiejina, the company’s spokesman, who said marketers will no longer load the product in the old price.

Chiejina stated that Nigerians have stood with the company to ensure that its aim of making fuel available in the country is realised, promising uninterrupted supply of the products, adding that the issue of quality will not be compromised.

He said, “Dangote Petroleum Refinery has effected a reduction in the prevailing price of its Premium Motor Spirit (PMS) from N990/litre to N970/litre for the marketers.

“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.

“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.”

Meanwhile, analysts in the sector insist that the reduction in the price of petrol by the company was in line with marketers demands, after they threatened to import cheaper petrol into the country.

It, however, remains uncertain whether the reduction will be reflected by marketers of the product at the pump.