*Anthony Chiejina, Spokesman at Dangote Group, in Lagos, confirms the price adjustment, stating the ‘PMS price has been reduced from N880 to N840 per litre effective 30th June’

Alexander Davis | 绿帽献妻

With assurance of a steady supply of petroleum products, more independent marketers have joined the growing list of distributors retailing Dangote Petroleum Refinery鈥檚 high-quality products across Nigeria.

The Management, in a statement, said new marketers had signed the partnership deal with Dangote Petroleum Refinery as the company announced a reduction in its ex-depot price of the Premium Motor Spirit (PMS), commonly known as petrol, from N880 to N840 per litre.

The new pricing took effect on 30 June 2025, Dangote Refinery stated.

Mr. Anthony Chiejina, Spokesman at Dangote Group, confirmed the price adjustment in Lagos.

Chiejina stated: 鈥淧MS price has been reduced from N880 to N840 per litre effective 30th June.鈥�

The statement also noted the previous increase to N880 per litre had followed global crude oil market volatility, particularly during the 12-day geopolitical crisis in the Middle East, which pushed crude oil prices to nearly $80 per barrel.

Dangote said the refinery鈥檚 existing partners鈥擬RS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil鈥攖herefore, are expected to reflect the new pricing at their retail outlets in Nigeria.

Besides, several new marketing companies have joined Dangote鈥檚 distribution network, stated the oil-refining plant.

Dangote stated these include TotalEnergies, Garima Petroleum, Sunbeth Energies, Sobaz Nigeria Limited, Virgin Forest Energy, Sixxco Oil Limited, N.U. Synergy Limited, and Soroman Nigeria Limited.

Others on the growing list are Jezco Oil Nigeria Limited, Jengre, Cocean, Kifayat, Triumph Golden, Sifem Global, Riquest, and Mamu Oil, among others.

The Dangote Refinery, the largest single-train refinery in the world, has affirmed it continues to expand domestic fuel distribution footprint while offering competitive pricing and improving access to refined products across the country.

The 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.

The initiative is expected to save Nigerians over N1.7 trillion annually, Dangote Refinery noted.

This step, the Management stated, will see the refinery absorb over N1.07 trillion annually in fuel distribution costs. The initiative is also poised to significantly benefit over 42 million Micro, Small and Medium Enterprises (MSMEs) by reducing energy costs and enhancing profitability, the mega refinery said.

The initiative, which eliminates transportation costs for fuel marketers and large-scale consumers, is expected to help reduce pump prices and inflation.

As the Management stated earlier, from August 15, Dangote Petroleum Refinery will begin the direct delivery of petrol and diesel to filling stations, industrial facilities, and other high-volume consumers in Nigeria.

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