Dangote Refinery reduces fuel price again, ex-depot price now N820 per litre

Dangote Refinery Cuts Fuel Price Again, Pegs Ex-Depot Rate at N820 Per Litre

Lagos, Nigeria – July 8, 2025 — The Dangote Petroleum Refinery has once again reduced the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, bringing it down from N840 to N820 per litre. The new pricing takes effect immediately.

This marks the second reduction within a week, following a previous drop from N880 to N840 per litre. The company says the adjustments are part of efforts to ease fuel costs and ensure steady supply across the country.

Confirming the development, Group Head, Corporate Communications, Dangote Group, Mr. Anthony Chiejina, stated: “PMS price has been reduced from N840 to N820 per litre effective immediately.”

The earlier adjustment had been influenced by volatility in the global crude oil market, particularly the recent 12-day geopolitical tension in the Middle East, which had driven up crude prices.

Major distributors, including MRS, Heyden, Ardova (AP), Hyde, Optima, and Techno Oil, are expected to reflect the new pricing at their various retail outlets nationwide. In addition, several new marketing companies have joined Dangote’s growing network. These include TotalEnergies, Garima Petroleum, Sunbeth Energies, Sobaz Nigeria Ltd., Virgin Forest Energy, Sixxco Oil Ltd., N.U. Synergy Ltd., and Soroman Nigeria Ltd. Others are Jezco Oil Nigeria Ltd., Jengre, Cocean, Kifayat, Triumph Golden, Sifem Global, Riquest, and Mamu Oil, among others.

The Dangote Refinery, the world’s largest single-train refinery, is steadily expanding its distribution network, delivering competitive pricing and broader access to refined petroleum products across the country.

In a related development, the company recently announced an investment of over N720 billion in a nationwide logistics initiative to deploy 4,000 Compressed Natural Gas (CNG)-powered trucks for petroleum product distribution. According to Dangote, the initiative is projected to save the country over N1.7 trillion annually, while the refinery itself will absorb more than N1.07 trillion yearly in fuel distribution costs.

The intervention is aimed at reducing pump prices, curbing inflation, and supporting over 42 million Micro, Small, and Medium Enterprises (MSMEs) by cutting down on energy expenses and boosting profitability.

As part of this initiative, Dangote Refinery will begin direct delivery of petrol and diesel to filling stations, industrial facilities, and other high-volume consumers starting August 15, 2025.