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Dangote Slashes Petrol Price To ₦‎899 Per Litre - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsDangote Slashes Petrol Price To ₦‎899 Per Litre (24129 Views)

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Dangote Slashes Petrol Price To ₦‎899 Per Litre by iwaeda(op): 9:56am On Dec 19, 2024
The company said the decision was taken to “provide much-needed relief for Nigerians ahead of the holiday season”.


“Africa’s first privately-owned oil refinery, which previously lowered the price to N970 per litre on November 24, has now announced a new price of N899.50 per litre. This reduction is designed to ease transport costs during the festive period,” read the statement signed by the Group’s Chief Branding and Communications Officer, Anthony Chiejina.


He added that the company also introduced a special offer to further benefit consumers.

In addition to the holiday discount, Dangote Petroleum Refinery is allowing consumers to purchase an additional litre of fuel on credit for every litre bought on a cash basis.”

“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,” said Chiejina.


The refinery also expressed its gratitude to Nigerians for their continued support as the country enters the festive season.

Chiejina further emphasised the refinery’s commitment to ensuring Nigerians have access to premium quality petroleum products that are competitively priced, as well as environmentally and engine friendly. He highlighted that the refinery’s operations mark the end of Nigeria being a dumping ground for substandard and ‘blended’ imported products, which have posed significant risks to human health, machinery, and the environment.

The Dangote Refinery, with a capacity of 650,000 barrels per day (BPD), is the largest single-train refinery in the world. It is fully capable of meeting 100% of Nigeria’s refined petroleum product requirements, with a surplus available for export.
https://dailytrust.com/breaking-dangote-slashes-petrol-price-to-n899-per-litre/

Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by FalseProphet1(m):
I see fuel dropping to N3000 before the end of next year.

This I have seen.
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by koladata(m): 10:02am On Dec 19, 2024
so he could sell it for 899 before
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by richard870(m):
Ambush pricing to discourage importation by marketers.....petrol price that shouldn't be more than 200 per litre.

If God says Nigeria will get better, it will effortlessly. For now, its simply business as usual with a different 'looting' model in the guise of subsidy removal.... what a pity!
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by Calitoscassius(m): 10:02am On Dec 19, 2024
Rubbish! It is still expensive
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by tisriley(m): 10:02am On Dec 19, 2024
Commendable
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by Nazgul: 10:02am On Dec 19, 2024
How much is the nozzle price. That's the one that concerns us.
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by Advocator1: 10:02am On Dec 19, 2024
Hmmm
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by ObaOfEsan: 10:02am On Dec 19, 2024
lol
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by tableshaker: 10:03am On Dec 19, 2024
That's why competition is good
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by ejieddy: 10:03am On Dec 19, 2024
Oya now... Let's go there
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by Paraman: 10:04am On Dec 19, 2024
Buying from Dangote is now cheaper compared to importing. Price of petrol will fall anytime soon
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by Mccullum: 10:04am On Dec 19, 2024
Good of him, some how it happened lately..

Before filling stations make the price effective..

it may be in January.. that's Nigerians for you.
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by obinna58(m): 10:04am On Dec 19, 2024
Good development but For how long kwanu??
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by ecomalchemistt(m): 10:04am On Dec 19, 2024
Ok
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by Helpfromabove1(m): 10:04am On Dec 19, 2024
Good one but this one will not get to common man , it for the petroleum marketers because they will not reflect the downward price immediately due to the excuse of we still have old stock and before they finish the old stock the festive season is over

And when will this over be over and we expect 920 or 950 as the filling station price
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by LabStores: 10:04am On Dec 19, 2024
Nice.
Which means petrol should not cost more than 1k anywhere in Nigeria.
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by goldenmind: 10:04am On Dec 19, 2024
This is why I welcome this Dangote Refinery... Let competition in the price of PMS begin.. I swear 2025 gonna be interesting on top PMS..
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by mrvitalis(m): 10:04am On Dec 19, 2024
All this lambas

Petrol sells for ₦1500 - ₦1700 in Ghana, togo ,Benin and Cameroon

If dangote can produce Petrol profitably for ₦900 why does he insists on selling to Nigeria?

Lmaooo this doesn't make sense, they are not telling us the truth
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by Solsix(m): 10:05am On Dec 19, 2024
Ok way to go
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by tommy589(m): 10:05am On Dec 19, 2024
Good one from Dangote. If market forces truly don't influence this festive love,just continue to maintain your love for Nigerians
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by Westman001: 10:05am On Dec 19, 2024
Calitoscassius:
Rubbish! It is still expensive
I'm telling you.

You see that price can go below that. Far below but the greedy folks won't flinch.

To me this reduction is just a reaction to guilty conscience.

These folks are making x3 of their supposed profit margin. We see it among small traders in our community they sell what they bought at 200 for 500, 600 even more.

Dangote can still sell it at #500 per litre and he will still profit.

And Nigerians would just be praising them. If NEPA give them light 1 or 2 days. You'll start hearing this NEPA people try o. When it's a steady normal thing in other country or area.

I'm already seeing them saying this is commendable. Great news. Dangote did great
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by iichidodo: 10:05am On Dec 19, 2024
[color=#2976BC] " A journey of a thousand miles begins with one footstep" ..... Sooner or later we will get to 186 naira per liter.[/color]
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by bunmi0130: 10:05am On Dec 19, 2024
This is highly commendable.
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by jazzman7711:
Excellent news.

Congratulations to Dangote.

Congratulations to Nigerians.

There is a discernible upswing about our country these days.

From world leaders storming Aso Rock to hail Jagaban, to our winning all sorts of international awards from Miss Universe to Mister International to Grammy awards.

The other day I read the price of beans has fallen dramatically.

Now Dangote has reduced fuel to 899 per litre.

ExxonMobil that has been DODGING Nigeria for the past decade or more, due to unfriendly business environment, announced a few weeks ago that they plan to invest an astonishing $10 billion in Nigeria over the next 4 years at the rate of $2.5 billion a year.

The future could be very bright…
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by SatoshiX: 10:05am On Dec 19, 2024
We're getting there gradually.
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by onatisi(m): 10:05am On Dec 19, 2024
Very good one for Nigerians, hopefully transportation prices should come down a bit . But it seems Dangote is trying to spoil the business for importers still importing fuel and not patronising him ,but all the same it is a positive sign for Nigerians
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by bid4rich(m): 10:07am On Dec 19, 2024
A business man will always be a business man. If he sells it at N500 per litre, more people will buy from him hence more gain/profits.

I suppose the news of Port Harcourt and Kaduna refinery coming alive is pushing Dangote really hard.
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by CasNova(m): 10:07am On Dec 19, 2024
Commendable.

Dangote appears to be a considerate capitalist.
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by efemena5050(m): 10:08am On Dec 19, 2024
mrvitalis:
All this lambas

Petrol sells for ₦1500 - ₦1700 in Ghana, togo ,Benin and Cameroon

If dangote can produce Petrol profitably for ₦900 why does he insists on selling to Nigeria?

Lmaooo this doesn't make sense, they are not telling us the truth
People always trying so hard to sound intelligent but seriously u always find loopholes due thier lack of objectivism....na wa ooo
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by Idsenate(m): 10:08am On Dec 19, 2024
Great development this is the kind of things the masses would love to see more
Re: Dangote Slashes Petrol Price To ₦‎899 Per Litre by lionshare: 10:09am On Dec 19, 2024
This is likely due to the appreciation & relative stability of the naira at the official market!
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