Dangote Refinery has announced a reduction in its premium motor spirit (PMS) retail price nationwide. The 650,000‑barrel‑per‑day refinery’s new gantry price is set at N820 per litre, matching the price announced last month. This adjustment is part of the company’s recent price‑template release on its social‑media platform.
According to the revised template, the retail price of petrol in Lagos, Oyo, Ogun, Ondo and Ekiti states will be N841 per litre, down from N860. In Abuja, Edo, Delta, Rivers and Kwara states, the price falls to N851 per litre, a reduction from N885. This translates to a decrease of N19 per litre in Lagos and the South‑West states, and N34 per litre in Abuja and the South‑South region.
The new price template is scheduled to take effect on September 15, 2025. It is important to note that the Dangote Refinery price template is not binding on all petroleum marketers and retailers, except for MRS and its distribution partners.
The price reduction comes amid an ongoing face‑off between the Dangote Group and the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG), which has threatened to strike, alleging that the company reneged on recent resolutions. This development is significant for the Nigerian oil and gas industry, as the lower fuel prices could affect the economy and the company’s relations with stakeholders, including NUPENG. As the situation unfolds, monitoring the market impact and the company’s operations will be essential.
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