The Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, to ₦970 per litre for oil marketers.
This move marks a ₦20 decrease from the earlier price of ₦990 per litre announced earlier this month. The development was revealed in a statement issued on Sunday by the company’s Chief Branding and Communications Officer, Anthony Chiejina.
Chiejina noted that the price cut reflects the refinery’s appreciation for Nigerians’ “unwavering support” and a gesture to complement government initiatives aimed at boosting domestic enterprise and economic sustainability.
“Our goal remains to ramp up production to meet and surpass domestic fuel consumption needs while maintaining the highest product quality,” the statement read.
Images shared on social media platforms, including X (formerly Twitter), show a fleet of trucks loading petrol at the refinery’s Ibeju-Lekki facility, signaling enhanced fuel availability for distribution.
The price reduction is expected to provide relief for marketers and ease concerns about fuel affordability, as Dangote Refinery continues to solidify its position as a key player in Nigeria’s downstream petroleum sector.
About The Author
