Dangote Petroleum Refinery has reduced its ex-depot petrol price to N1,165 per litre, from N1,215 per litre.
The refinery also reduced the price of its automotive gas oil (AGO), also known as diesel, to N1,570 per litre, from N1,650 per litre.
The price adjustments were announced in a statement on Wednesday.
“Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel), reaffirming its commitment to providing affordable, high-quality petroleum products to the Nigerian market,” the statement reads.
“Under the new pricing structure, the refinery has reduced the ex-depot price of PMS to N1,165 per litre, down from N1,215 per litre, representing a reduction of N50 per litre.
“Similarly, the ex-depot price of Diesel has been reduced to N1,570 per litre from N1,650 per litre, amounting to a decrease of N80 per litre.”
According to the refinery, the price review reflects its ongoing efforts to improve energy affordability, expand access to refined petroleum products, and support economic activities across Nigeria.
The refinery said it remains committed to “ensuring stable supply while leveraging operational efficiencies to deliver value to consumers, businesses, and 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 statement further reads.
The company reaffirmed its commitment to supporting the growth of the Nigerian economy and passing the benefits of improved operational efficiencies to consumers whenever market conditions permit.
