Dangote Petroleum Refinery & Petrochemicals has announced it will refund customers who purchase Premium Motor Spirit (PMS), also known as petrol, above the advertised rates of N825 per litre at partner filling stations nationwide.
The company confirmed in a statement yesterday, that it will refund N65 per litre on the over 200,000 metric tonnes of PMS purchased by marketers at the old gantry price of N890 per litre, prior to the new rate of N825 per litre, effective February 27, 2025.
The management of the refinery stressed that the initiative extends beyond its partners MRS Holdings, Ardova Plc (AP), and Heyden, urging other marketers sourcing stock from it to pass on the benefits of the new pricing to consumers at the retail level, encouraging a collective commitment to affordable, quality products.
It however condemned any attempt to exploit the new pricing structure, describing such action as excessive profiteering, unpatriotic and detrimental to the welfare of Nigerians should any party purchase at a rate of N825 per litre and then sell to consumers at N945 or more per litre.
