Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (diesel), effective Thursday, August 6.
This move underscores the refinery’s commitment to making high-quality petroleum products more affordable for the Nigerian market.
Under the revised pricing structure, the ex-depot price of PMS has been lowered to ₦1,165 per litre from ₦1,215 per litre—a decrease of ₦50 per litre. Similarly, the ex-depot price of diesel has been reduced to ₦1,570 per litre from ₦1,650 per litre, reflecting a drop of ₦80 per litre.
Dangote Refinery stated that this price adjustment is part of ongoing efforts to improve energy affordability, broaden access to refined petroleum products, and foster economic growth across Nigeria. The company also emphasized its commitment to maintaining a stable supply by leveraging operational efficiencies, thereby delivering greater value to consumers, businesses, and stakeholders.
As Africa’s largest refinery, Dangote Petroleum Refinery continues to play a crucial role in strengthening Nigeria’s energy security, reducing dependence on imports, and supporting national economic development through the supply of world-class petroleum products.
Dangote reaffirmed its dedication to contributing to Nigeria’s economic growth and passing on the benefits of improved operations to consumers whenever market conditions allow.
