Price Drop Effective August 12
LThe Dangote Petroleum Refinery has announced a downward review of its ex-depot price for Premium Motor Spirit (PMS), popularly known as petrol, from ₦850 to ₦820 per litre. The ₦30 reduction took effect on Monday, August 12, 2025.
The company’s Chief Branding and Communications Officer, Anthony Chiejina, disclosed the change in a statement on Tuesday, emphasising that the decision reflects the refinery’s commitment to easing cost pressures on consumers and supporting broader economic stability.
Commitment to Steady Supply
Reaffirming its role in the nation’s energy sector, the refinery pledged to maintain “consistent and uninterrupted” delivery of petroleum products across the country.
“As part of our unwavering commitment to national development, Dangote Petroleum Refinery assures the public of a consistent and uninterrupted supply of petroleum products,” the statement read.
Sustainable Transport Initiative
In a further push towards operational efficiency and cleaner energy solutions, the company announced it will begin the phased deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks from Thursday, August 15, 2025.
According to Dangote Group, the CNG trucks will be used for nationwide fuel distribution, helping to cut transport emissions and reduce operational costs in the long term. The move aligns with Nigeria’s gradual transition towards alternative fuel options and energy sustainability.
Wider Industry Context
The petrol price adjustment comes amid persistent concerns over rising energy costs and inflationary pressures on households and businesses. Analysts say the refinery’s price move could trigger competitive pricing among other suppliers, though its wider impact on pump prices will depend on distribution margins and market responses.
With the combination of a price cut and investment in greener fuel distribution, the Dangote Petroleum Refinery appears to be positioning itself as both a key player in Nigeria’s fuel market and a driver of the country’s energy transition.