The management of Dangote Refinery has announced a reduction in its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N880 to N840 per litre.
The new pricing took effect on 30 June 2025.
Dangote Group’s spokesperson, Mr. Anthony Chiejina, confirmed the price adjustment in Lagos.
He said : “PMS price has been reduced from N880 to N840 per litre effective 30th June.”
The previous increase to N880 per litre had followed global crude oil market volatility, particularly during the 12-day geopolitical crisis in the Middle East, which pushed crude oil prices to nearly $80 per barrel.
The refinery’s existing partners—MRS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil—are expected to reflect the new pricing at their retail outlets.
Additionally, several new marketing companies have joined Dangote’s distribution network.
These include TotalEnergies, Garima Petroleum, Sunbeth Energies, Sobaz Nigeria Ltd., Virgin Forest Energy, Sixxco Oil Ltd., N.U. Synergy Ltd., and Soroman Nigeria Ltd..
Others on the growing list are Jezco Oil Nigeria Ltd., Jengre, Cocean, Kifayat, Triumph Golden, Sifem Global, Riquest, and Mamu Oil, among others.
The Dangote Refinery, the largest single-train refinery in the world, continues to expand its domestic fuel distribution footprint, offering competitive pricing and improving access to refined products across Nigeria.
The refinery, recently announced that it has invested over N720 billion to implement its initiative of deploying 4,000 Compressed Natural Gas-powered trucks for the free nationwide distribution of petroleum products.
It said the initiative is expected to save Nigerians over N1.7 trillion annually.
This step, the management said will see the refinery absorb over N1.07 trillion annually in fuel distribution costs.
The initiative is also poised to significantly benefit over 42 million Micro, Small and Medium Enterprises (MSMEs) by reducing energy costs and enhancing profitability, the mega refinery said.
The initiative, which eliminates transportation costs for fuel marketers and large-scale consumers, is expected to help reduce pump prices and inflation.
From August 15, Dangote will begin the direct delivery of petrol and diesel to filling stations, industrial facilities, and other high-volume consumers, the company said earlier
(vitalnewsngr.com)
