Despite the recent reduction in the ex-pump price of Premium Motor Spirit to N899.50 per litre by Dangote Petroleum Refinery, petrol prices at most stations in Lagos and Ogun have not been adjusted.
Many stations are still selling at the previous minimum of N1,025, while major oil marketers maintain prices around N1,070, and independent marketers charge as high as N1,100.
The refinery stated that the price reduction was aimed at providing much-needed relief for Nigerians, especially ahead of the holiday season.
Meanwhile, the National President of the Oil and Gas Services Providers Association of Nigeria, OGSPAN, Maxi Colman Obasi, said, “Dangote Petroleum Refinery has done well to reduce the ex-depot price of petrol. The marketers should reciprocate by ensuring that consumers benefit from it.”
On thursday, the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina announced the introduction of a special petrol price offer aimed at benefiting Nigerians.
Chieji Chiejina said, “To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS. From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM. Furthermore, for every litre purchased on a cash basis, consumers will have the opportunity to buy another litre on credit, backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank.”
On the Lagos-Ibadan Expressway, Total filling stations are selling petrol at N1,060 per litre, while Conoil offers it at N1,025.
In Ogun State, NIPCO filling station in Magboro is selling at N1,080, while Rainoil in Ibafo has a price of N1,060.
Chiejina further emphasized the refinery’s commitment to ensuring that Nigerians have access to premium-quality petroleum products that are competitively priced, environmentally friendly, and engine-safe.
He highlighted that the Dangote Petroleum Refinery’s operations mark the end of Nigeria being a dumping ground for substandard and “blended” imported products, which have posed significant risks to human health, machinery, and the environment.
“The Dangote Refinery, with a capacity of 650,000 barrels per day, is the largest single-train refinery in the world. It is fully capable of meeting 100 per cent of Nigeria’s refined petroleum product requirements, with a surplus available for export,”he added.
