The Dangote Refinery has announced a partnership with MRS to sell petrol at ₦935 per liter through its retail outlets nationwide, following a reduction in the ex-depot price from ₦970 to ₦899.50.
The new pricing has already begun in Lagos and will be implemented nationwide starting Monday.
Advisors Reports confirmed that the company had earlier, on November 24, reduced the off-depot price of petrol from N990 per litre to N970 per litre.
Aliko Dangote, President of Dangote Industries Limited, confirmed this in a statement obtained by Advisors Reports on Saturday, while commending President Bola Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to a reduction in prices of petroleum products in the country.
“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added.
In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”
According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices.
“Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.
Recall that in September, the Federal Executive Council (FEC)under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira.
He therefore emphasised that the move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.
