Dangote Petroleum Refinery has slashed the ex-depot price of Premium Motor Spirit (PMS) by N25 per litre, bringing it down from N799 to N774 per litre.
The move, effective immediately, reinforces the competitiveness of locally refined petroleum products in Nigeria.
According to the refinery, the price adjustment undercuts the current landing price of imported PMS from Lome, which stands at approximately N793 per litre, making Dangote’s fuel N19 cheaper per litre than imported alternatives.
Industry analysts say the reduction is a strategic effort to strengthen domestic refining, boost local consumption, and enhance Nigeria’s energy security.
By making homegrown fuel more affordable, Dangote Refinery is positioning itself as a key player in reducing the country’s reliance on imported petroleum products.
Experts highlight that this price adjustment could stimulate demand, attract investment into domestic refineries, and contribute to economic growth, while providing tangible savings to consumers nationwide.
This development signals a new era for Nigeria’s energy sector, where locally refined fuels are increasingly competing with imported alternatives on both price and reliability.
