Dangote Petroleum Refinery announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (petrol) from ₦850 to ₦820 per litre, effective 12 August 2025. This cut of ₦30 per litre is both notable and timely.
This move underscores the refinery’s commitment to national development by ensuring a consistent and uninterrupted petroleum supply, as conveyed in the official statement by Anthony Chiejina, the Group’s Chief Branding and Communications Officer.
Beginning 15 August 2025, Dangote Refinery will begin a phased deployment of 4,000 CNG-powered fuel trucks for nationwide distribution. This initiative signals a footstep toward operational excellence and sustainable energy solutions, likely reducing emissions and increasing logistical efficiency.
Why This Matters
- A uniform ₦30 per litre reduction across depots can directly lower retail pump prices, easing the daily financial burden on motorists and businesses.
- With Dangote’s competitive pricing, other depot operators may follow suit. Already, private depots have adjusted prices between ₦820 and ₦870 per litre in response. This market pressure could spark broader price reductions.
- The shift to CNG-powered distribution hints at long-term cost savings and environmental benefits, aligning with growing demand for greener logistics.
- As Africa’s largest refinery (with 650,000 barrels per day capacity), Dangote’s moves are already shaping market dynamics. This latest cut strengthens its role as a price leader and may encourage downstream stakeholders to act more competitively.