Nigeria’s Dangote Petroleum Refinery, one of Africa’s largest oil facilities, has lowered the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by 30 Nigerian naira (₦30), reducing costs for distributors from ₦850 to ₦820 per liter. The adjustment, effective August 12, 2025, was confirmed in an official statement by Anthony Chiejina, the refinery’s Chief Branding and Communications Officer. The move signals potential relief for consumers in a country where fuel prices significantly influence transportation and economic activity.
Chiejina emphasized the reduction aligns with the refinery’s broader strategy to support Nigeria’s development goals, ensuring “a consistent and uninterrupted supply of petroleum products.” The statement highlighted operational reforms aimed at stabilizing fuel availability, addressing historical challenges tied to import dependency and distribution bottlenecks.
In a parallel sustainability initiative, the refinery announced plans to gradually introduce 4,000 trucks powered by Compressed Natural Gas (CNG) for nationwide fuel distribution, starting August 15. The shift to CNG, a cleaner energy alternative, reflects efforts to curb carbon emissions and modernize logistics. “This phased deployment underscores our commitment to operational excellence and environmentally conscious solutions,” the statement noted.
The price cut arrives amid broader economic pressures in Nigeria, where fluctuations in global oil markets and currency volatility often impact local fuel costs. While the reduction’s immediate effect on retail prices remains uncertain, analysts suggest it could ease financial strain on businesses and households if sustained. Dangote Refinery, operational since 2023, has steadily expanded its domestic market share, positioning itself as a pivotal player in West Africa’s energy landscape.
The company reiterated its focus on long-term investments in infrastructure and technology to enhance production efficiency. “Our initiatives are designed to foster energy security and economic resilience,” the statement concluded, reaffirming plans to prioritize affordability and accessibility in Nigeria’s fuel sector.
