Dangote Refinery Cuts Petrol Price to ₦820/Litre – August 2025
In a significant move expected to ease fuel costs for Nigerians, Dangote Petroleum Refinery has reduced its ex-depot (gantry) price for Premium Motor Spirit (PMS) from ₦850 to ₦820 per litre, effective August 12, 2025. The announcement was made in a statement by Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Group.Vanguard NewsNaija News
This N30 per litre reduction underscores Dangote Refinery’s ongoing commitment to national development amid volatile global crude oil prices. In the statement, the company reiterated its assurance of a steady supply of petroleum through measures including the deployment of 4,000 CNG-powered trucks for fuel distribution nationwide, beginning August 15.Vanguard NewsNaija News
The price adjustment follows a recent trend of strategic pricing aimed at cushioning Nigerians from escalating pump prices. While challenges like logistics, taxes, and market margins still affect pump price pass-throughs, industry experts anticipate this move will help curb further hikes in retail fuel costs.
