Dangote has once again made headlines with another fuel price reduction, cutting the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 to N820 per litre. The new pricing by Dangote Refinery takes effect immediately, reinforcing the company’s commitment to providing affordable and reliable energy solutions.
This latest adjustment follows a similar reduction just a week earlier, when Dangote dropped the ex-depot price from N880 to N840 per litre in response to global crude oil market fluctuations, particularly those triggered by geopolitical tensions in the Middle East.
According to Dangote Group’s spokesperson, Mr. Anthony Chiejina, the refinery remains focused on easing the burden of fuel costs on Nigerians by ensuring steady supply and competitive pricing. He confirmed the latest price cut in Lagos and emphasized the refinery’s ongoing efforts to stabilize the domestic market.
In line with this development, existing partners of the Refinery—including MRS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil—are expected to reflect the new pricing structure at their retail stations. Additionally, several new marketing firms such as TotalEnergies, Garima Petroleum, Sunbeth Energies, and Virgin Forest Energy have joined the expanding company distribution network.
The Dangote Refinery—Africa’s largest refinery—continues to lead in fuel supply and pricing reform.
As the world’s largest single-train refinery, Dangote Refinery continues to broaden its national footprint in fuel distribution, bolstered by quality products and an expanding network of partners.
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In a strategic move to transform logistics, Dangote has invested over N720 billion to roll out 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide delivery of petroleum products. This bold investment is projected to save Nigerians over N1.7 trillion annually and reduce fuel distribution costs by more than N1.07 trillion.
The initiative is designed to significantly lower transportation expenses for marketers and industrial users, potentially leading to lower pump prices and reduced inflation. More than 42 million Micro, Small, and Medium Enterprises (MSMEs) stand to benefit from the reduced energy costs enabled by the Dangote initiative.
Starting August 15, Dangote will begin direct delivery of petrol and diesel to filling stations, industrial plants, and high-volume consumers, further streamlining supply and enhancing access to refined fuels across Nigeria.
