Fuel stations still sell at N1,025 per litre despite Dangote’s holiday largesse
Fuel pump price has not changed despite the reduction announced by Dangote Refinery from N970 to N899.50 per litre.
Most petrol stations in Lagos have retained the old price range of N1,025 minimum at Nigeria National Petroleum Company Limited (NNPC) outlets while some major marketers sell at N1,070 and independent marketers at N1,100.
According to Dangote Refinery, the slash in price is to provide much-needed relief for Nigerians this holiday season.
The National President of the Oil and Gas Services Providers Association of Nigeria (OGSPAN), 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.”
And industry expert who pleaded to be anonymous, said: “The market has been deregulated. The price of crude oil has fallen from more than $73 per barrel to $72 per barrel, meaning that refiners now pay less for crude oil. This and other factors should force the price of petrol to drop.”
The refinery had in a statement on Thursday explained that “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”.
The refinery expressed gratitude to Nigerians for their continued support as the country enters the festive season.
Dangote Group Chief Branding and Communications Officer, Anthony Chiejina, stressed that the refinery is committed to ensuring Nigerians have access to premium quality petroleum products that are competitively priced, as well as environmentally and engine friendly.
He said the refinery’s operations mark the end of Nigeria being a dumping ground for substandard and “blended” imported fuel products, which pose significant risks to human health, machinery, and the environment.
– Leadership.
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