03
Mar
Mar
DANGOTE REFINERY TO REFUND CUSTOMERS OVERCHARGED FOR FUEL
-
CapitalTimesNews / 5 months
- 0
- 2 min read
Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners across Nigeria. The refinery recently reduced its gantry price from N890 per litre to N825 per litre. To ensure that Nigerians benefit from the price reduction, the refinery will refund N65 per litre on the over 200,000 metric tonnes of PMS purchased by marketers at the old gantry price. “The step, effective February 27, 2025, guarantees that none of our valued business partners will experience a loss due to the price change. More importantly, it ensures that the new, lower rate takes immediate effect nationwide for the benefit of the Nigerian people,” the refinery said in a statement. Dangote Refinery emphasized that this initiative extends beyond its key partners, MRS Holdings, Ardova Plc (AP), and Heyden. The refinery urged other marketers sourcing stock from it to pass on the benefits of the new pricing to consumers at the retail level. The refinery condemned any exploitation of the new pricing structure, stating that “it is both unpatriotic and detrimental to the welfare of Nigerians for any party to purchase at a rate of N825 per litre and then sell to consumers at N945 or more per litre.” Consumers who purchase fuel above the advertised rate at any of Dangote Refinery’s key partners are encouraged to report to the refinery with their receipts for a full refund of the excess amount. With the new gantry price set at N825 per litre, Dangote Refinery expects that no Nigerian will pay more than N900 per litre for PMS, regardless of location or petrol station. The refinery reiterated its commitment to providing high-quality, eco-friendly fuel that benefits vehicle performance and supports public health. “Our commitment aligns with the objectives of President Bola Tinubu’s Renewed Hope Agenda, which champions self-sufficiency in critical sectors like energy.”
