The Dangote Petroleum Refinery and Petrochemicals has announced a N30 reduction in the ex-depot price of Premium Motor Spirit (PMS), bringing the cost down from N850 to N820 per litre at its 650,000 barrels-per-day facility. The new price took effect on August 12, 2025, and is expected to influence market pump prices in the coming days.
In a statement signed by the Group Chief Branding and Communications Officer of Dangote Industries Limited, the refinery assured Nigerians of consistent and uninterrupted supply of petroleum products as part of its contribution to national development. The company reaffirmed its commitment to operational excellence, sustainability, and measures aimed at stabilising the fuel market.
Alongside the price adjustment, Dangote Petroleum Refinery will begin the phased deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks for fuel distribution across the country from August 15, 2025. The use of CNG-powered trucks is expected to cut transportation costs, lower carbon emissions, and reduce the sector’s reliance on diesel-powered logistics.
The introduction of these trucks is also likely to generate new opportunities for small and medium-sized enterprises involved in logistics, fleet management, vehicle maintenance, CNG refuelling stations, and spare parts supply. Industry analysts say the move could foster a more competitive downstream market by reducing operational bottlenecks and improving delivery efficiency.
Officials noted that the refinery’s investment in sustainable fuel distribution forms part of a broader strategy to integrate cleaner energy solutions into Nigeria’s petroleum supply chain while supporting the government’s push for alternative fuels. By combining lower prices with more efficient and eco-friendly delivery systems, the Dangote Petroleum Refinery aims to ease the burden on consumers and create new growth avenues for businesses connected to the energy and transport sectors.
