Dangote Petroleum Refinery has reduced the ex-depot prices of Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (AGO), commonly known as diesel.
The new prices, which take effect on Thursday, August 6, are part of the refinery’s efforts to make refined petroleum products more affordable and accessible to consumers.
Under the revised pricing structure, the ex-depot price of PMS has been cut by ₦50 to ₦1,165 per litre from ₦1,215 per litre.
The ex-depot price of diesel has also been reduced by ₦80, from ₦1,650 per litre to ₦1,570 per litre.
According to the company, the price adjustment reflects its commitment to enhancing energy affordability, expanding access to refined petroleum products, and supporting economic activities across the country.
The refinery said it remains committed to maintaining a stable supply of petroleum products while leveraging operational efficiencies to deliver greater value to consumers, businesses, and other stakeholders.
“As Africa’s largest refinery, Dangote Petroleum Refinery continues to play a pivotal role in strengthening Nigeria’s energy security, reducing reliance on imports, and supporting the nation’s economic development through the supply of world-class petroleum products,” the company said.
It added that it would continue to pass on the benefits of improved operational efficiencies to consumers whenever market conditions permit, while remaining committed to supporting Nigeria’s economic growth.
