In a major development poised to ease fuel costs and expand access across Nigeria, Dangote Petroleum Refinery has announced a reduction in its ex-depot price of Premium Motor Spirit (PMS) from N880 to N840 per litre, effective June 30, 2025.
The price cut comes amid assurances of steady and reliable fuel supply and reflects Dangote Refinery’s growing commitment to stabilising the downstream sector.
With this move, several new independent marketers have joined the list of partners retailing the refinery’s products nationwide.
Confirming the development, Mr Anthony Chiejina, spokesperson for Dangote Group, stated in Lagos: “PMS price has been reduced from N880 to N840 per litre effective 30th June.”
The previous spike to N880 per litre had followed global oil market volatility during a 12-day geopolitical crisis in the Middle East, which pushed crude oil prices close to $80 per barrel. With international prices now easing, Dangote Refinery is passing the savings on to consumers.
Existing partners in the Dangote distribution network, MRS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil, are expected to reflect the new pricing at their retail outlets.
In addition, new marketing companies have signed up to join the refinery’s expanding distribution chain.
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 Refinery, the largest single-train facility in the world, is solidifying its domestic fuel distribution footprint with a strong value proposition: competitive pricing, quality fuel, and logistics innovation.
In a bold move to eliminate fuel transportation bottlenecks, Dangote Refinery has recently invested over N720 billion in the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to facilitate nationwide delivery of refined petroleum products.
According to the refinery, this initiative is expected to save Nigerians over N1.7 trillion annually, with the company absorbing more than N1.07 trillion in fuel distribution costs.
The new model, which eliminates transportation costs for fuel marketers and large consumers, aims to reduce pump prices and curtail inflationary pressures.
The Dangote Group also noted that this effort will significantly benefit over 42 million Micro, Small, and Medium Enterprises (MSMEs) by lowering their operational costs and enhancing profitability.
Starting from August 15, the refinery will begin direct delivery of petrol and diesel to filling stations, industrial facilities, and other high-volume consumers across the country.
The combination of lower prices and direct delivery is expected to revive dormant filling stations, ease logistical constraints, and improve energy access in both urban and rural areas, marking a critical turning point in Nigeria’s fuel supply landscape.
The company will bear an estimated N1.07 trillion annually in free fuel distribution costs.
According to the company, the trucks will begin direct deliveries of petrol and diesel from August 15 to filling stations, industrial consumers, and large-scale users nationwide, without any additional transportation charges.
All rights reserved. The content on this website, including text and other digital materials, may not be reproduced, published, broadcast, rewritten, or redistributed, in whole or in part, without the express written consent of The News Accelerator Network.
For advertising inquiries, news coverage, or press releases, please get in touch with us at
📧 thenewsacceleratornetwork@gmail.com
📞 0805 101 7159, 0814 404 8512.
إرسال تعليق