Dangote Refinery Cuts PMS Price to ₦1,165/Litre, Diesel to ₦1,570/Litre

Business

Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), commonly known as diesel, as part of efforts to improve affordability and strengthen the supply of refined petroleum products in Nigeria.

The new prices, which take effect on Thursday, August 6, will see the ex-depot price of PMS reduced from ₦1,215 per litre to ₦1,165 per litre, representing a ₦50 decrease per litre.

The refinery also lowered the price of diesel from ₦1,650 per litre to ₦1,570 per litre, marking an ₦80 reduction per litre.

According to Dangote Petroleum Refinery, the adjustment reflects its continued commitment to enhancing energy accessibility, supporting businesses, and easing the impact of fuel costs on consumers.

The company said the price reduction was made possible through improved operational efficiency and its focus on maintaining a stable supply of high-quality petroleum products to the Nigerian market.

Dangote Refinery, described as Africa’s largest refinery, continues to play a key role in Nigeria’s energy sector by reducing dependence on imported refined products and contributing to national energy security.

The refinery reiterated its commitment to delivering value to consumers and businesses while passing on the benefits of operational improvements whenever market conditions allow.

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