Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, lowering the rate from N1,175 per litre to N1,125 per litre.
The latest price adjustment represents a reduction of N50 per litre and is expected to provide some relief to fuel marketers, distributors, and ultimately consumers across the country. The development also reinforces the refinery’s commitment to promoting affordability and stability within Nigeria’s downstream petroleum sector.
According to the refinery, the decision to review the price downward aligns with its broader objective of ensuring that petroleum products remain accessible while supporting national efforts to strengthen energy security. The company noted that the move reflects its responsiveness to prevailing market realities and changing economic conditions within the petroleum industry.
Industry observers believe the reduction could positively impact fuel distribution costs and potentially influence retail pump prices in various parts of the country. As one of Africa’s largest refining facilities, Dangote Refinery continues to play a significant role in shaping the dynamics of Nigeria’s fuel supply chain and reducing dependence on imported petroleum products.
The refinery explained that the price cut is also a reflection of operational efficiencies and its determination to transfer the benefits of such efficiencies to downstream partners and consumers. By adjusting prices in line with market trends, the company aims to create a more predictable and competitive environment for fuel marketing and distribution.
Since commencing operations, Dangote Refinery has consistently emphasized its commitment to supporting Nigeria’s economic development through increased local refining capacity. The company maintains that enhanced domestic production will help stabilize supply, reduce foreign exchange pressures associated with fuel imports, and contribute to long-term energy sustainability.
The latest reduction further highlights the refinery’s strategic role in ensuring the availability of petroleum products across the country. Stakeholders have continued to monitor its pricing decisions closely, given their potential impact on transportation costs, business operations, and overall economic activities.
Dangote Refinery reiterated that it remains focused on its core mission of strengthening Nigeria’s energy sector through reliable fuel production, improved product availability, and market-driven pricing initiatives. The company believes that sustained investments in refining infrastructure will support the growth of a more resilient and self-sufficient petroleum industry.
Beyond pricing, the refinery said it is committed to fostering a competitive market environment that encourages efficiency, innovation, and long-term sustainability. It added that its operations are designed to contribute significantly to national economic growth while ensuring that consumers benefit from improved access to high-quality petroleum products.
With the new gantry price now set at N1,125 per litre, industry participants will be watching closely to see how the adjustment influences fuel supply patterns and retail market prices in the coming weeks.
