The Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) as part of its efforts to make fuel more affordable for consumers.
Under the revised pricing, the refinery lowered the ex-depot price of petrol from N1,215 per litre to N1,165, a reduction of N50. The price of diesel was also reduced from N1,650 per litre to N1,570, representing a decrease of N80 per litre.
In a statement issued on Wednesday and signed by the Dangote Group, the refinery said the price adjustment was intended to improve energy affordability, increase access to refined petroleum products and support economic activities across the country.
The refinery added that the latest price reduction underscores its commitment to supplying Nigerians with affordable, high-quality petroleum products.
It added that it remained committed to ensuring stable supply while leveraging operational efficiencies to deliver value to consumers, businesses, and stakeholders.
“Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel), reaffirming its commitment to providing affordable, high-quality petroleum products to the Nigerian market.
“Under the new pricing structure, the refinery has reduced the ex-depot price of PMS to N1,165 per litre, down from N1,215 per litre, representing a reduction of N50 per litre. Similarly, the ex-depot price of Diesel has been reduced to N1,570 per litre from N1,650 per litre, amounting to a decrease of N80 per litre.
“The price review reflects Dangote Refinery’s ongoing efforts to enhance energy affordability, improve access to refined petroleum products, and support economic activities across Nigeria,” the statement read partly.
The company said it would continue to transfer the benefits of improved operational efficiency to consumers whenever market conditions allow.
It added that the refinery remains committed to strengthening Nigeria’s energy security, reducing dependence on imported petroleum products and supporting economic growth through the consistent supply of high-quality refined fuels.