In a move set to ease the financial burden on Nigerians during the festive period, Dangote Refinery has announced a significant reduction in the price of petrol, slashing it to ₦899.50 per litre, effective immediately. This price cut, a gesture of goodwill, aims to provide relief to consumers ahead of the holiday season, easing transportation costs and boosting the economy.
The new price, which is a departure from the current market rate, is expected to have a positive ripple effect across the nation’s supply chains, from fuel distributors to consumers. It will help curb the cost of living in the face of increasing inflation and will be welcomed by households and businesses alike.
The reduction is in line with Dangote Refinery’s commitment to providing quality, affordable fuel to Nigerians. The refinery has been a crucial player in the nation’s energy sector, playing an instrumental role in reducing the country’s dependence on imported fuel, creating jobs, and driving sustainable economic growth.
Aliko Dangote, Chairman and CEO of Dangote Group, expressed his enthusiasm over the announcement, stating, “As we approach the holiday season, we understand the challenges Nigerians are facing. We hope this reduction in petrol prices will provide some relief and contribute to a brighter and more joyous holiday season for all. This is a small gesture from our company, but we are committed to helping drive positive change for our people and the nation.”