Dangote Refinery reduces ex-depot PMS price to N820 per litre
The Dangote Petroleum Refinery, in Lagos, again, has reduced its ex-depot price of the Premium Motor Spirit (PMS), also called petrol, from N840 per litre to N820 per litre, effective immediately.
It is recalled that the company last week reduced its ex-depot price from N880 to N840 per litre.
Dangote Group Tuesday, July 8, 2025, disclosed this in a statement, and said with assurance of steady supply of petroleum products, more independent marketers had joined Dangote Refinery’s growing list of distributors retailing high-quality petroleum products across the country.
Anthony Chiejina, Spokesman of Dangote Group, who confirmed the price adjustment in Lagos, noted “PMS price has been reduced from N840 to N820 per litre effective immediately.
The previous reduction to N840 per litre had followed global crude oil market volatility, particularly during the 12-day geopolitical crisis in the Middle-East, which increased crude oil prices.
Dangote affirmed that the refinery’s existing partners—MRS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil—are expected to reflect the new pricing at their retail outlets immediately.
The Spokesman stated that besides, several new marketing companies have joined Dangote’s distribution network, adding that these include TotalEnergies, Garima Petroleum, Sunbeth Energies, Sobaz Nigeria Ltd., Virgin Forest Energy, Sixxco Oil Ltd., N.U. Synergy Ltd., and Soroman Nigeria Ltd. Others on the growing list are Jezco Oil Nigeria Ltd., Jengre, Cocean, Kifayat, Triumph Golden, Sifem Global, Riquest, and Mamu Oil, among others.
The Dangote Refinery, the largest single-train refinery in the world, continues to expand its domestic fuel distribution network, offering competitive pricing and improving access to refined products across Nigeria.
Gentechnews reported recently an interview with Channels Television, granted by Director General, Manufacturers Association of Nigeria, Segun Ajayi-Kadir, as he said he sees the price of fuel coming down to N800 with the modalities being put in place by Dangote Refineries.
DG MAN said “Recall, Dangote recently slashed its ex-depot price for Premium Motor Spirit, (PMS), also known as petrol, to N840 per litre and the reduction represents a N40 decrease from the previous rate of N880 per litre.
“You cannot blame anyone for producing and ensuring effective delivery.”
When asked from a manufacturer’s point of view on what he sees about the long-term effect, he added, “So if I may use what the Gen Z is called ‘Joy is coming’, that’s what I see.
It is also be recalled that Dangote Petroleum Refinery recently, announced that it invested over N720 billion to implement its initiative of deploying 4,000 Compressed Natural Gas-powered trucks for the nationwide distribution of petroleum products, adding that it is expected to save Nigerians over N1.7 trillion annually.
The initiative is also aimed to significantly benefit over 42 million Micro, Small and Medium Enterprises (MSMEs) by reducing energy costs and enhancing profitability.
The company has also announced that from August 15, 2025, Dangote would begin the direct delivery of petrol and diesel to filling stations, industrial facilities, and other high-volume energy consumers across Nigeria.