Dangote Petroleum Refinery has announced a reduction in the price of petrol to ₦899.50 per litre as part of its efforts to provide relief to Nigerians during the Christmas and New Year holiday season.

In a statement, the company’s spokesperson, Anthony Chiejina, explained that the price cut is aimed at easing transportation costs for citizens during the festive period.

The refinery also introduced an innovative scheme allowing consumers to purchase an additional litre of petrol on credit for every litre bought with cash. This offer is backed by bank guarantees from Access Bank, First Bank, or Zenith Bank.

This move comes just weeks after the privately owned refinery reduced its petrol price to ₦970 per litre in November.

“To help alleviate transportation expenses during this festive season, Dangote Refinery is offering a special holiday discount on Premium Motor Spirit (PMS). Effective immediately, our petrol will be available at ₦899.50 per litre at our truck loading gantry or Single Point Mooring (SPM),” Chiejina said.

“Additionally, for every litre purchased on a cash basis, consumers can acquire an extra litre on credit, supported by a bank guarantee from Access Bank, First Bank, or Zenith Bank,” he added.

The refinery, which boasts a daily capacity of 650,000 barrels, expressed its gratitude to Nigerians for their continued support as the country enters the festive season.

Chiejina reiterated the company’s commitment to ensuring Nigerians have access to high-quality petroleum products that are competitively priced and environmentally friendly. He also highlighted the refinery’s pivotal role in ending Nigeria’s reliance on substandard and “blended” imported fuels, which have historically posed risks to human health, machinery, and the environment.

This latest initiative is expected to provide much-needed relief for Nigerians facing rising transportation costs and underscores Dangote Refinery’s dedication to supporting the nation’s economic and social wellbeing.