*The Dangote Petroleum Refinery, once again, reduces its ex-depot price of the Premium Motor Spirit, otherwise known as petrol, from N840 per litre to N820 per litre with immediate effect

Alexander Davis | 绿帽献妻

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.

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

Chiejina stated: 鈥淧MS 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 jacked up crude oil prices.

According to Dangote, the refinery鈥檚 existing partners鈥擬RS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil鈥攁re expected to reflect the new pricing at their retail outlets immediately.

Besides, several new marketing companies have joined Dangote鈥檚 distribution network, the Spokesman said.

The statement also noted 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 footprint, offering competitive pricing and improving access to refined products across Nigeria.

It is 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, saying it is expected to save Nigerians over N1.7 trillion annually.

This step, the management, 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.

Earlier, the company 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.