Again, Dangote refinery slashes petrol price by N65 ahead of Ramadan 

This is the second price cut this month as the Refinery announced a gantry price reduction of N60 on February 1.

In a statement issued on Monday, the refinery described the latest N65 price cut as a strategic move aimed at providing economic relief to Nigerians ahead of the Ramadan season.

According to the refinery, the price adjustment is expected to lower transportation costs and ease the financial burden on households and businesses.

It also noted that the price reduction is a demonstration of support for President Bola Tinubu’s economic reforms.

“This strategic price adjustment is designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season, while also supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace,” the statement noted. 

Meanwhile, the statement noted that pump prices will vary in its partner retail outlets across the country.

Dangote Petroleum Refinery assured the public of a steady fuel supply, stating that it has sufficient reserves to meet local demand while also maintaining surplus capacity for exports to boost Nigeria’s foreign exchange earnings.

The company urged petroleum marketers to support the price reduction initiative, emphasizing the importance of ensuring that consumers fully benefit from the adjustment.

“This collective action will contribute to the broader economic recovery plan led by His Excellency, President Bola Ahmed Tinubu, who is committed to making Nigeria self-sufficient in refined petroleum products and establishing the country as a leading oil export hub,” it noted.