Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N850 per litre to N820 per litre, effective August 12, 2025. This move marks a significant step in easing fuel costs for Nigerians amid ongoing economic challenges.
The company’s Group Chief Branding and Communications Officer, Anthony Chiejina, disclosed the price adjustment on Tuesday, highlighting it as part of the refinery’s ongoing commitment to national development and ensuring a consistent and uninterrupted supply of petroleum products.
In addition to the price reduction, Dangote Refinery is set to commence the phased deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for fuel distribution across Nigeria starting August 15, 2025. This initiative aims to improve fuel logistics and make distribution more efficient and environmentally friendly, with the ultimate goal of reducing transportation costs that impact final pump prices.
The price cut by Dangote is expected to inspire petroleum marketers to lower pump prices at retail outlets, potentially providing relief to consumers across the country. In major cities like Abuja, retail fuel prices ranged from N885 to N970 per litre as of Tuesday evening, signaling room for reductions following the refinery’s adjustment.
The decision to reduce the price comes amid global crude oil price fluctuations, with recent declines influencing market dynamics. Dangote Refinery’s strategic approach reflects its aim to stabilize fuel supply and prices domestically by leveraging its large refining capacity of 650,000 barrels per day, Africa’s largest.
The Nigerian Labour Congress (NLC) and other stakeholders have praised the refinery's impact in bridging Nigeria’s fuel supply gap, creating jobs, and boosting industrial capacity. The NLC has called on the federal government to supply crude oil to Dangote in naira to further enhance price stability and support local refining efforts.
Dangote’s deployment of CNG-powered trucks is also a marked commitment to sustainable energy solutions, reducing environmental impact and operational costs in fuel distribution. This innovation is expected to enable Nigerian consumers to enjoy more affordable and reliable access to refined petroleum products.
The refinery’s actions come following the Federal Government’s removal of fuel subsidies, which previously led to steep increases in retail fuel prices. Dangote’s intervention is seen as a private-sector leadership example in cushioning Nigerians from the full effects of these price shocks.
Overall, the price reduction and distribution strategy underline Dangote Refinery’s growing role in transforming Nigeria’s downstream petroleum sector, aiming for greater stability, affordability, and sustainability in fuel supply nationwide.