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| Dangote Refinery Price Drop Brings Relief to Nigerians |
In a dramatic and welcome development that has been welcomed by many Nigerians, Dangote Refinery Petroleum has also cut the price of Premium Motor Spirit (PMS) or petrol to N899.50 per liter. This is just in advance of the festive season and should help to ease the burden on Nigerians, who always experience increased transport fares during the Yuletide season.
The price cut was announced by Anthony Chiejina, the Group Dangote Chief Refinery, Branding, and follows the Communications Officer's previous cut made in November 2024, where the price was reduced to Nliter. However, the new price is set at N899.50, which is quite shocking and can be regarded as a positive change in the pricing policy of the refinery. It’s a decision that seems to have only one objective, and that is to offer some relief to consumers at a time when they are most in need.
In his statement, Chiejina emphasized that this reduction is more than just a seasonal discount. It’s about offering some much-needed relief to Nigerian families, especially those who rely on transportation to visit loved ones during the holiday season. With transport costs often soaring, a price cut like this could help many stretch their budgets a little further.
But there is one final thing. Dangote Refinery is not only impacting the price by dropping it. The company has also introduced a new offer where customers can get even more value for their money. This is because, for every liter of gasoline that is purchased on a cash basis, the consumer will be able to purchase an extra liter on credit.
This offer is supported by a bank guarantee from three Nigerian banks, namely Access Bank, First Bank, and Zenith Bank, thus meaning that the credit offer that is being offered is protected in a certain way for both the consumers and the refinery.
It should be noted that this price slash is not a one-time promotion, especially during the holiday season. According to Chiejina, Dangote Petroleum Refinery has vowed to offer Nigerians “premium quality” petroleum products at cheaper and more environmentally and engine-friendly prices. This is because the local production at the refinery means that Nigeria can now reduce the importation of fuel that is often unreliable, of poor quality, and a risk to the environment.
This is because, for a very long time now, Nigerians have had to consume substandard and, at times, dangerous imported fuel, which has destroyed property and even posed serious health risks. This paper finds that Dangote Refinery is gradually changing this trend in the market.
It should be noted that this price slash is not a one-time promotion, especially during the holiday season. According to Chiejina, Dangote Petroleum Refinery has vowed to offer Nigerians “premium quality” petroleum products at cheaper and more environmentally and engine-friendly prices. This is because the local production at the refinery means that Nigeria can now reduce the importation of fuel that is often unreliable, of poor quality, and a risk to the environment.
This is because, for a very long time now, Nigerians have had to consume substandard and, at times, dangerous imported fuel, which has destroyed property and even posed serious health risks. This paper finds that Dangote Refinery is gradually changing this trend in the market.
Besides creating employment and boosting the economy of the country, the refinery is also guaranteeing that Nigerians get cleaner and better-quality fuel that will not have adverse effects on the environment or their cars.
This is quite apt, as the end of the year is near. Dangote Refinery has also reduced the price of Premium Motor Spirit. For most people, the transport costs during this season can be quite costly. Whether it is to go visit relatives or take a holiday, every extra penny counts. It is, therefore, important that this cut in the price is a positive step to solve all the problems, but it helps in its own way.
But this is not all, as the price cut is not just a way for a certain company to increase its profits. Dangote Refinery’s actions also prove that a company can be profitable and, at the same time, concerned about the welfare of the community it serves. It is thus right to argue that business should be concerned.
This is quite apt, as the end of the year is near. Dangote Refinery has also reduced the price of Premium Motor Spirit. For most people, the transport costs during this season can be quite costly. Whether it is to go visit relatives or take a holiday, every extra penny counts. It is, therefore, important that this cut in the price is a positive step to solve all the problems, but it helps in its own way.
But this is not all, as the price cut is not just a way for a certain company to increase its profits. Dangote Refinery’s actions also prove that a company can be profitable and, at the same time, concerned about the welfare of the community it serves. It is thus right to argue that business should be concerned.
The company has always viewed not only a provided profit in petrol making at the institution as a specially cheap price but social responsibilities also to our consumers; credit this facility means that people can still be able to purchase fuel, especially during the festive season, even though they may be facing some financial challenges.
In the long run, Dangote Refinery is thus positioning Nigeria for sustainable food security. Through the reduction of dependence on imported fuels, the refinery is assisting in the retention of money within the economy and also lessening the dependence of the country on fluctuating international oil prices. This move is in line with the refinery’s vision of developing Nigeria to be a powerhouse in the energy sector and be able to produce products for the local market and export to other countries.
Since the cost of petrol is also having an effect on the common Nigerian, it is welcome to observe an organization in the oil sector trying to ease the burden in some way. It is not just about business; it is about creating improved quality in Nigeria. Fuel It could be choking the markets, price Dangote slash, Refinery the is credit telling offer Nigerians that it is here to stay and will change the status quo.
In the long run, Dangote Refinery is thus positioning Nigeria for sustainable food security. Through the reduction of dependence on imported fuels, the refinery is assisting in the retention of money within the economy and also lessening the dependence of the country on fluctuating international oil prices. This move is in line with the refinery’s vision of developing Nigeria to be a powerhouse in the energy sector and be able to produce products for the local market and export to other countries.
Since the cost of petrol is also having an effect on the common Nigerian, it is welcome to observe an organization in the oil sector trying to ease the burden in some way. It is not just about business; it is about creating improved quality in Nigeria. Fuel It could be choking the markets, price Dangote slash, Refinery the is credit telling offer Nigerians that it is here to stay and will change the status quo.