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Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS) to N825 per litre from N835 per litre, effective immediately.
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This latest adjustment aims to provide customers with more value and consolidate the refinery’s leadership position in the domestic market.
Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to N825 per litre.
This adjustment, effective immediately, marks a N10 decrease from the previous price of N835 per litre.
The latest price cut is part of a series of strategic reductions implemented by the refinery to ease the financial burden on Nigerians and promote market competition.
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In April, the refinery decreased the ex-depot price from N865 to N835 per litre, reflecting a 3.5% reduction.
READ ALSO: Dangote Refinery Slams Marketers, Insists on Capacity to Meet Fuel Demand
According to industry analysts, the reduction could lead to lower pump prices across the country if marketers pass on the savings to consumers.
The refinery’s management stated that the price adjustments are designed to provide relief to Nigerians, especially during periods of economic strain.
By offering more affordable petrol prices, Dangote aims to ease the financial burden on consumers and stimulate economic activities across the country. The refinery’s operations are aligned with the federal government’s objectives of achieving energy independence and economic diversification.
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