FX Guys

Dangote cuts petrol price to N970 for marketers, IPMAN takes cue

FG backs NNPC/FIRST E&P JV’s 100,000bpd target

To ease the burden of fuel costs as the year winds up, Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), also known as petrol, by N20 from N990 per litre to N970.

Meanwhile, the Federal Government, through the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, yesterday, reaffirmed its support for the Nigerian National Petroleum Company Limited (NNPCL) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) in achieving its target of producing 100,000 barrels per day (bpd).

The Group Chief Branding and Communications Officer for Dangote Group, Anthony Chiejina, disclosed the new price in a statement yesterday. He described the development as a gesture of gratitude to Nigerians for their unwavering support in making the refinery…
Read More