The Dangote Petroleum Refinery has announced a ₦30 reduction in the ex-depot price of Premium Motor Spirit (PMS), bringing the cost down from ₦850 to ₦820 per litre, effective August 12, 2025.
The development was disclosed in a statement issued on Tuesday by Anthony Chiejina, Chief Branding and Communications Officer of the Dangote Group, who described the move as part of the company’s commitment to supporting the country’s economic stability.
“Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit… effective from 12th August 2025,” the statement read.
The reduction is expected to ease supply chain pressures and potentially lead to a gradual drop in pump prices across the country, depending on retail margins and distribution costs.
In a further push toward energy efficiency and sustainability, the refinery also revealed plans to begin the phased deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for fuel distribution nationwide. This rollout is set to begin on August 15, 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 company stated.
The integration of CNG-powered logistics is seen as a strategic shift aimed at cutting transportation costs, reducing emissions, and enhancing delivery efficiency in Nigeria’s downstream petroleum sector.
The Dangote Refinery, Africa’s largest single-train facility, has been viewed as a game-changer for the continent’s fuel security and price stabilization efforts since its commissioning. This latest price cut marks the second reduction since operations began, reflecting both operational maturity and market responsiveness.
Industry observers say the move could pressure other importers and marketers to follow suit, potentially offering temporary relief to consumers amid ongoing inflation and economic challenges.
