Dangote Petroleum Refinery has lowered the ex-depot price of its premium motor spirit (PMS), commonly known as petrol, to ₦899.50 per litre. The announcement was made on Thursday by Anthony Chiejina, Group Chief Branding and Communications Officer of the Dangote Group.

“This price reduction is aimed at providing much-needed relief for Nigerians ahead of the holiday season,” Chiejina stated.

The privately-owned refinery, the first of its kind in Africa, had previously reduced the price to ₦970 per litre on November 24. This latest adjustment is part of its efforts to ease transportation costs during the festive period.

Additionally, the refinery has introduced a special incentive for customers. For every litre of petrol purchased with cash, consumers can buy an additional litre on credit, supported by a bank guarantee from Access Bank, First Bank, or Zenith Bank.