In a move to appreciate the support of Nigerians and the government, the Dangote refinery has announced a reduction in the price of Premium Motor Spirit (PMS) to N970, a drop of N20 from its previous price of N990.

According to a statement by Anthony Chiejina, the group's Chief Branding and Communications Officer, the price drop is a gesture of appreciation to the people of Nigeria and the government for their unwavering support in making the refinery a reality.

The refinery aims to continue producing high-quality, sustainable, and ecologically friendly petroleum products without compromising on quality. Chiejina assured Nigerians that the refinery is determined to increase production to meet and surpass domestic fuel consumption, dispelling any fears of a shortfall in supply.

This development comes on the heels of earlier projections by marketers that fuel from the Dangote Refinery was set to be N50 less than imported fuel. Abubakar Garima, the president of the independent oil marketers in Nigeria, had stated that the current price in Maiduguri, which is N1,200 per liter, may likely reduce to N1,150, a reduction of N50.

The Dangote refinery's move is expected to have a positive impact on the domestic fuel market, providing relief to consumers and encouraging domestic enterprise. The refinery's commitment to producing high-quality and sustainable petroleum products is also a step in the right direction towards reducing the country's reliance on imported fuel.

This development is a significant milestone for the Dangote refinery, which has been working towards becoming a major player in the domestic fuel market. The refinery's ability to reduce prices while maintaining quality is a testament to its commitment to providing affordable and sustainable energy solutions to Nigerians.

As the year comes to a close, the Dangote refinery's gesture of appreciation to Nigerians and the government is a welcome development that is expected to have a positive impact on the economy and the lives of citizens.

In the broader context, this move highlights the importance of domestic enterprise and the role it can play in driving economic growth and development. The Dangote refinery's commitment to producing high-quality and sustainable petroleum products is a step in the right direction towards reducing the country's reliance on imported fuel and promoting domestic enterprise.

As the Nigerian economy continues to evolve, developments like this are crucial in promoting growth, creating jobs, and improving the lives of citizens. The Dangote refinery's move is a positive step towards achieving these goals and is expected to have a lasting impact on the domestic fuel market and the economy as a whole.