Dangote Refinery slashes petrol price again to N835/litre in Nigeria
In a significant development for Nigeria’s energy sector, the Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol.
The new ex-depot price is set at N835 per litre, down from N865 per litre—a 3.5% decrease. This marks the second price cut in recent weeks and aligns with a global decline in crude oil prices, which have dropped to $64 per barrel from over $70 earlier this month.
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Previously, the refinery had reduced the price from N880 to N865 per litre. Despite these adjustments, many oil marketers have yet to reflect the lower prices at retail pumps.
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With a processing capacity of 650,000 barrels per day, the Dangote Refinery is playing a transformative role in Nigeria’s fuel supply chain, positioning itself as a driving force behind the country’s push for energy self-sufficiency and price stability.
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