Media Talk Africa: Latest Headlines in Politics, Business, Sports, and More

Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ₦30 per liter, a move set to influence fuel costs across Nigeria. Effective August 12, 2025, the adjustment lowers the gantry price from ₦850 to ₦820 per litre, as confirmed in an official statement from the refinery’s Chief Branding and Communications Officer, Anthony Chiejina. The announcement underscores the company’s pledge to support national economic growth while ensuring reliable access to petroleum products.

The refinery attributed the price cut to its “unwavering commitment to national development,” emphasizing efforts to stabilize fuel distribution networks amid fluctuating global energy markets. Chiejina reiterated the refinery’s focus on operational efficiency, adding that the adjustment aligns with broader goals to mitigate supply chain disruptions and ease financial pressures on consumers.

In a parallel initiative, the company revealed plans to deploy 4,000 Compressed Natural Gas (CNG)-powered trucks starting August 15, 2025. This phased rollout aims to modernize Nigeria’s fuel distribution infrastructure while promoting cleaner energy alternatives. CNG, a lower-emission fuel compared to traditional diesel, aligns with global sustainability trends and the refinery’s emphasis on eco-friendly logistics. The transition is expected to reduce transportation costs and carbon footprints, though operational details remain under wraps.

The price revision comes amid ongoing efforts to bolster Nigeria’s domestic energy security, particularly following the recent completion of the Dangote Refinery, one of Africa’s largest petroleum facilities. Analysts suggest the reduction could alleviate downstream pricing pressures, potentially lowering costs for businesses and households reliant on petrol for transportation and power generation. However, market observers caution that retail prices remain subject to broader economic factors, including global crude oil trends and foreign exchange dynamics.

While the refinery’s dual focus on affordability and sustainability signals progress, stakeholders will monitor implementation closely, particularly the integration of CNG infrastructure in a market still heavily dependent on petrol. The moves reflect strategic steps to align Nigeria’s energy ecosystem with both economic and environmental priorities, though challenges in scaling these initiatives persist.