In a move welcomed by motorists and downstream operators, Dangote Petroleum Refinery has announced another reduction in the gantry price of Premium Motor Spirit (PMS), cutting it from ₦1,175 to ₦1,125 per litre.
The refinery described the latest price adjustment as part of its commitment to price stability, improved affordability, and enhanced energy security in Nigeria.
According to the company, the reduction reflects its responsiveness to current market conditions and its determination to pass on cost efficiencies to consumers and business partners.
“This latest review underscores our ongoing efforts to support Nigeria’s economic growth by ensuring greater fuel availability and fostering a more competitive and sustainable petroleum sector,” the refinery stated.
The price cut comes as the Dangote Refinery continues to ramp up domestic production, aiming to reduce reliance on imported fuel and bring greater stability to the downstream oil and gas sector.
Industry observers view the development as a positive step toward easing the financial burden on Nigerian consumers amid persistent economic pressures.
This marks yet another downward review by the refinery in recent months, reinforcing its position as a major player in shaping the country’s fuel pricing landscape.
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