Oil marketers across the country are set to benefit from a new credit arrangement introduced by the Dangote Petroleum Refinery and Petrochemicals, a move expected to ease product access and improve distribution nationwide.
The refinery announced the initiative in a notice posted on the official X account of the Dangote Group on Saturday.
According to the company, both existing and new customers can now purchase petroleum products with a minimum volume of 250,000 litres, a reduction from the earlier requirement of 500,000 litres.
As part of the relief measures, the refinery disclosed that oil marketers would enjoy a 10 day credit facility, provided the transaction is backed by a bank guarantee.
It stated, “All existing and new customers can now purchase 250,000 litres with the benefit of a 10 day credit facility backed with a bank guarantee. Free delivery to your stations starting soon.”
The company further invited petrol station owners and dealers nationwide to register their outlets to benefit from the new pricing structure and the planned free direct delivery service.
“This offer is available to all petrol station owners and dealers nationwide. Our free direct delivery service will commence soon,” the refinery said.
The development comes amid ongoing efforts by the refinery to stabilise fuel supply and pricing in the domestic market.
Recall that Aliko Dangote, president of Dangote Industries Limited, had assured Nigerians that the refinery would continue to reduce petrol prices to remain competitive with imported products.
On December 12, the refinery cut the ex gantry price of petrol to N699 per litre from N828, representing a reduction of N129 per litre.
