Dangote Refinery Talk Say Price Cut Na Wetin Make Pump Price Fall

Dangote Petroleum Refinery don clear say di recent reduction wey oil marketers do for pump price no be because Federal Government reverse di 15 per cent import tariff. For statement wey dem release on Monday, di refinery talk say di tori wey dey link price cut to tariff reversal na fake news, wey dey mislead people and no match wetin dey really happen for market. Dem yarn say di reason wey dem reduce price na because dem drop PMS gantry and coastal prices on November 6, before marketers adjust dia pump prices. Dangote yarn say dem don reduce PMS gantry price from N877 to N828 per litre, wey be 5.6 per cent drop, and di coastal price from N854 to N806 per litre. Di refinery talk say di import tariff already get approval from President Bola Tinubu since October 21, but dem decision to reduce price no depend on di tariff implementation.

Dangote Petroleum Refinery talk say since dem start operations, dem don reduce price more than seven times, dey absorb logistics cost make fuel price balance for whole Nigeria during festive periods, and dey help end di usual fuel scarcity wey dey happen for ember months. Dem also talk say imported fuel wey no reach standard dey always sell pass di premium-grade fuel wey Dangote dey supply, and dis kind importation na dumping wey fit harm economy and industrial growth. Dangote yarn say dem go continue dey provide high-quality fuel at competitive price, dey ensure market balance, and dem no dey fear short-term market wahala. Dem encourage media and stakeholders make dem dey report correct info and rely on verified facts for di benefit of Nigerian public.