The Dangote Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly called petrol, from ₦850 to ₦820 per litre, a ₦30 drop aimed at easing pressure on consumers.
Anthony Chiejina, Chief Branding and Communications Officer of the Dangote Group, announced the price cut in a statement Tuesday. The company’s official X (formerly Twitter) page confirmed the development.
“Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, commonly referred to as petrol, by ₦30 from ₦850 to ₦820 per litre, effective from 12th August 2025.
As part of our unwavering commitment to national development, Dangote Petroleum Refinery assures the public of a consistent and uninterrupted supply of petroleum products,” the statement read in part.
The Lagos-based facility, Africa’s largest oil refinery, said the move aligns with its broader push for operational efficiency and cleaner energy solutions. Beginning August 15, the company will start the phased rollout of 4,000 Compressed Natural Gas (CNG)-powered trucks for nationwide fuel distribution—part of its strategy to diversify fuel transportation and reduce reliance on diesel-powered fleets.
The announcement comes as lawmakers intensify scrutiny of Nigeria’s fuel import practices, refinery rehabilitation efforts, and alleged attempts to dominate petrol transportation. Industry analysts say Dangote’s decision could place downward pressure on pump prices if wholesalers and retailers pass on the savings.
The refinery, which began operations earlier this year, is positioning itself not only as a supplier of petrol but also as a driver of Nigeria’s transition toward cleaner energy infrastructure.