Dangote Petroleum Refinery has announced a further reduction in the ex-depot price of premium motor spirit (PMS), commonly known as petrol, bringing it down from N840 to N820 per litre.
The new pricing, which takes effect immediately, follows a previous reduction from N880 to N840 per litre just a week ago. In a statement released on Tuesday, Anthony Chiejina, spokesperson for the Dangote Group, said the latest adjustment reflects the company’s commitment to offering competitive pricing despite global market volatility.
According to Chiejina, the earlier price increase to N840 was largely due to crude oil market disruptions triggered by a 12-day geopolitical crisis in the Middle East, which pushed up international crude prices.
The spokesperson also confirmed that the refinery’s existing marketing partners—including MRS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil—are expected to reflect the new ex-depot pricing at their respective retail stations across the country.
In addition to its current partners, Dangote Refinery has expanded its retail distribution network to include several new independent marketers. These include TotalEnergies, Garima Petroleum, Sunbeth Energies, Sobaz Nigeria Ltd., Virgin Forest Energy, Sixxco Oil Ltd., N.U. Synergy Ltd., and Soroman Nigeria Ltd.
Other marketers now part of the growing distribution list are Jezco Oil Nigeria Ltd., Jengre, Cocean, Kifayat, Triumph Golden, Sifem Global, Riquest, and Mamu Oil.
Chiejina said the refinery remains focused on strengthening domestic petrol supply, enhancing nationwide access to refined products, and supporting price stability in the Nigerian fuel market.