Starting Thursday, August 6, the Dangote Petroleum Refinery has lowered the ex-depot costs for both Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel). This move highlights the company’s objective to supply cost-effective and superior petroleum products within Nigeria.
Under these updated rates, petrol is now priced at N1,165 per litre, a drop from the previous N1,215, marking a N50 reduction. Diesel prices have also fallen to N1,570 per litre, down from N1,650, which equates to a total discount of N80 per litre.
This pricing adjustment stems from the facility’s strategy to bolster energy access and support domestic economic growth. By utilizing internal operational improvements, the refinery aims to maintain a steady supply of fuel for businesses and citizens alike.
As the largest refinery in Africa, the Dangote facility serves as a vital component in Nigeria’s energy sector. It seeks to decrease the nation’s dependence on foreign fuel imports while fostering industrial development through the distribution of high-grade petroleum goods.
The organization stated it will continue to pass on savings derived from production efficiency to the public whenever favorable conditions arise, reinforcing its role in the country’s economic expansion.
